(Click photo to enlarge)
Sold September 6, 2017 - 7 Unit Apartment Complex - 100% Leased with 8.2% cap rate based on this years projections |
539 Northside Drive (Sold September 6th 2017 for $615,000 $87,857 per unit.)
Gainesville, Ga, 30501
100% leased - Recently renovated - Hot apartment market with professional management.
Built in 1981. Well done renovation in 2014 and new roof added in 2016. 7 units (1)3 bedroom 1.5 bath and (6)2 bedroom 1.5 units. These units are nestled in the protected Ridgeview area of central Gainesville among many single family homes very close to the extensive trail and interconnected park system of the Wilshire Trails. Very convenient to the Central Downtown Square, Library, Federal and local Court Houses and only 1.5 miles from North East Georgia Medical Center. ***Please see "100 reasons to Invest in Gainesville/Hall County - attached below***
These units are well done - well leased and present a great package for the new or experienced investor to enjoy a "no headache" investment opportunity.
**Please see mapping and aerial photo links below. PLEASE know that Google Street view shows units PRIOR to renovation. **
Property Information and Financials
Please be patient to down load - Video of interior of Exterior of Apartment Units (MOV)
Interior Video of a Unit (MOV)
100 Reasons to invest in Gainesville/Hall County!
Berkshire Hathaway Commercial Services
500 Jesse Jewell Parkway, S.E., Suite 300, Gainesville, GA 30501
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