Parks At Lanier is a value-add investment opportunity located in Statesboro, Georgia. The property is offered with attractive assumable financing and has had 100% of the units renovated in the last 2-3 years.
OFFERING HIGHLIGHTS:
• Exceptional loan that can be assumed.
• 100% Renovated interiors and new roofs.
• $2M+ in recent renovations.
UPSIDE:
• Stabilize staffing and occupancy.
• Upgrade the mail center.
• Make minor improvements to exterior aesthetics.
• Convert 4BD units to 3BD units with W/D machines.
• Potential to add W/D machines to 2BD units.
• Be at the center of all of the recently started economic growth.
AREA HIGHLIGHTS:
• Georgia Southern University located directly across the street.
• Proximity to employers: located directly between 2 of the 4 largest employers in Statesboro.
• 1/4 mile from new South Campus expansion (208 acres) that broke ground in 2024.
• 3/4 mile from a new (2024-2025) Entertainment / Mixed-Use District.
• Hyundai's new $7.5B factory opened at the end of 2024 just 25 minutes away.
• New Hyundai suppliers are constructing $2B of developments (many anchored in Statesboro / Bulloch County) to support Hyundai.
Offering Materials: https://www.eastgatemultifamily.com/pal-listing-page
Overview Video: https://youtu.be/cwW26SstzBU
Chris Yeagle, EastGate Multifamily
Mobile: 843-860-6908
www.eastgatemultifamily.com
Licenses: FL: 3010970, GA: 220941, SC: 68049, NC: 299692