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Lanier Terrace

A 96-Unit Multifamily Asset | Gainesville, Georgia


Property Highlights:

Year Built / Renovated: 1960 / N/A
Number of Units: 96 Units
Average Square Feet: 805 SF
Total Square Feet: 77,280 SF

Site Details

Site Size / Density: 6.5 Acres; 14.8 Units per Acre Parking: Ample

Unit Features

  • Gas Range/Oven
  • Frost-free Refrigerator
  • Black/Stainless Appliances*
  • Kitchen Window
  • Faux Wood Vinyl Floors*
  • Closets
  • Window Blinds
  • (* In select units)

Community Amenities

  • Leasing Office
  • Laundry Center
  • Mail Kiosk
  • Adjoins New School

Investment Highlights:

  • Located in a federal Opportunity Zone offering tax incentives for a new owner.
  • Rapidly-Expanding Gainesville Ranks Among Nation’s Top 6 Highest-Growth Counties
  • Desirable Downtown Location, with Triple Road Frontage, Faces the Northeast Georgia Medical Center, Area’s Top Employer (7,100 Jobs)
  • Excellent Drive-by Exposure on Corner of Jesse Jewell Parkway (29,900 Vehicles per Day) and Downey Blvd. (15,000 Vehicles per Day)
  • Adjacent to $15 Million Fair Street Elementary I.B. School and Gainesville Gateway District
  • Consistent High Occupancy and Cash Flow with Significant Value-Add Upside Through Interior Renovation Program
  • Solid Brick Construction, All Two- and Three-Bedroom Floorplans
  • Potential Redevelopment Opportunity with Current Cash Flow in Place

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

Contact Information


Taylor Brown

Director - Multifamily Sales and Lending
678-894-2219
taylor@brownra.com

Chandler Brown

Director, Multifamily Sales and Lending
678-894-2225
chandler@brownra.com

Bo Brown

President and CEO