843-860-6908
210 Lanier Dr, Statesboro, GA for Sale
Apartments - FOR SALE
1/31
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210 Lanier Dr
Statesboro, GA 30458


HIGHLIGHTS

  • Attractive Loan Assumption
  • 100% Renovated interiors and new roofs.
  • Proximity to employers: located directly between 2 of the 4 largest employers in Statesboro.

OVERVIEW

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

FOR SALE DETAILS

PRICE

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# OF UNITS

93

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Parks At Lanier

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

130

LAND DETAILS

LAND ACRES

4.48 AC

LAND SF

195,153 SF

ZONING

R4

APN/PARCEL ID

MS63000008-000

ASK ABOUT THIS PROPERTY

Chris YeagleEastgate MultifamilyMore Info
843-860-6908

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Chris YeagleEastgate MultifamilyMore Info
843-860-6908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.