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Pines of Lanier

Pines of Lanier Apartments, a 157-unit property in Gainesville, GA.

Property Highlights:

Year Built / Renovated: 1985 / 2004
Number of Units: 157 Units
Average Square Feet: 554 SF
Total Square Feet: 87,015 SF

Site Details

Site Size / Density: 8.8 Acres; 17.8 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Upgraded Kitchen Finishes*
  • Frost-free Refrigerator
  • Built-in Microwave Oven*
  • Open Breakfast Bar*
  • Washer/Dryer Connections*
  • Patio/Balcony*
  • Ceramic Tile Flooring*
  • Loft Style Floorplans*
  • Ceiling Fan(s)
  • Window Blinds
  • Vaulted Ceiling*
  • (*In select units)

Community Amenities

  • Leasing Office
  • Swimming Pool
  • Laundry Care Facility
  • Picnic Area with Grills
  • Mail Kiosk
  • Valet Trash
  • On Bus Line

Investment Highlights:

  • Well-maintained community built in 1985 features pitched roofs and total electric utilities.
  • Historical statements demonstrate the asset enjoys a unique combination of high rent per square foot but low expenses.
  • New owner can renovate lofts in first year and flats in following years, with proven ability to raise rents after upgrades.
  • Rapidly-expanding Hall County ranks among nation’s Top 50 highest-growth counties, with population up 42% since 2000.
  • Location facing west Gainesville’s major artery, Browns Bridge Road, exposes property to 22,000 vehicles per day.
  • Located within three miles of major employment hubs such as Brenau University, Northeast Georgia Medical Center, the downtown business district, the airport, and the main retail area.
  • Consistent performer with high occupancy over past several years.
  • Low vacancy submarket across all rental competitors.
  • Subject shows below-market rental rates with opportunity to increase $50-$75.
  • Asset available for all cash or by loan assumption.

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

Contact Information

Barden Brown

Director - Multifamily Sales and Lending

Taylor Brown

Multifamily Investment Advisor

Bo Brown

President and CEO