Pines of Lanier Apartments

Address: 2354 Pine Cove Cir, Gainesville, Georgia, US

Atlanta & Southeast + Apartments

Created date: September 23, 2023

Date last updated: September 23, 2023

Plug-and-play asset offers immediate cash flow and qualifies for agency financing
Built in 1985, the property features pitched roofs and total electric utilities.
Average in-place rents of $1,067 is low compared to nearby properties of similar vintage
Within a 5-mile radius of the asset, the average household income is $81,782 and the median housing value is over $227,708.
43 units occupied Avita, a local non-profit who has leased at the community for 10+ years. Avita offers a guaranteed payment and are responsible for turning these units, lowering expenses for a new owner
Location on west Gainesville’s major artery, Browns Bridge Road, exposes property to 27,700 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.
Low bad debt and consistent performer with high occupancy over past 10+ years.
The 2022 Milken Institute Report named the Gainesville-Hall County Metro Area as the “Top Small Metro Area in Georgia” and Top Ten in the Nation for “Best Performing Small Metros.”