Lake Lanier Core Asset + Expansion Opportunity
4 Units + 11 Development Opportunities | Highest & Best April 19 @ 6PM | Lake Lanier
Marketing description
Lake Lanier Multifamily Investment | Cash Flow + Development Upside
A rare opportunity to acquire a fully occupied 4-unit Class A multifamily asset in the highly desirable Lake Lanier / Old Thompson Bridge corridor of Gainesville, GA, combined with significant expansion potential.
The existing asset is 100% leased with current rents of $2,000 | $1,750 | $2,000 | $1,800, generating approximately $90,600 in annual gross income. Built in 2023, each unit offers modern construction with 3 bedrooms, 3.5 bathrooms, and approximately 1,440 SF, resulting in low maintenance and strong tenant demand.
Immediate Cash Flow
The property produces an estimated NOI of $80,436, reflecting a cap rate of approximately 5.3% at the current asking price.
Value-Add Opportunity
Current rents are below market, with lease structures allowing for rent increases of up to 40% upon renewal. Market rents in the area are trending toward $2,300 - $2,500/month, supporting strong future income growth and improved stabilized returns.
Full Project Expansion Potential
In addition to the 4 existing units, the offering includes:
• 5 utility-ready slabs (all infrastructure in place)
• 6 LDP-approved lots with lake and lakeview potential
This provides the ability to expand up to 15 total units, creating a scalable multifamily or build-to-rent investment opportunity.
Highest & Best Offering
Seller is requesting Highest & Best offers for the entire project by April 27th at 6:00 PM.
Seller is open to offers on the full project or individual components. Preference will be given to offers with strong terms, minimal due diligence, and ability to close quickly.
Seller reserves the right to accept an offer prior to the deadline.
Investment highlights
• 4 Fully Built Class A Units (2023 Construction) – Modern, low-maintenance multifamily asset
• 100% Occupied – Immediate in-place cash flow
• $90,600 Annual Gross Income – Stabilized rental performance
• Estimated NOI: $80,436 – Strong operating fundamentals
• 5.3% Cap Rate (In-Place) at current asking price
• Below Market Rents – Current rents: $2,000 | $1,750 | $2,000 | $1,800
• Rent Growth Potential – Market rents trending toward $2,300-$2,500/month
• Lease Upside – Potential increases up to 40% upon renewal
• Projected Stabilized Cap Rate 6.5%–7%
• Value-Add + Development Opportunity
• 5 Utility-Ready Slabs (infrastructure in place)
• 6 LDP-Approved Lots with lake/lakeview potential
• Total expansion potential: up to 15 units
• Flexible Exit Strategies
• Hold for cash flow + appreciation
• Build additional units for increased NOI
• Sell off individual lots/pads for profit
•Prime Location – Lake Lanier Corridor
• High-demand rental market in Gainesville, GA
• Strong tenant demand and continued growth
• Highest & Best Deadline: April 27th @ 6:00 PM
• Seller reviewing all offers
• Preference for strong terms and quick close
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