Rare opportunity to acquire a 15-unit Class A condominium $5,850,000

Condo For Sale on Lake Lanier

Rare opportunity to acquire a 15-unit Class A condominium portfolio in a prime Lake Lanier-adjacent location in Gainesville, Georgia. This offering consists of 15 individual condominium units across 15 separate addresses, providing flexibility for phased sales, portfolio holds, or long-term investment strategy. The portfolio includes four (4) fully completed, Class A condominium units that are 100% occupied and currently producing income. These units are stabilized and feature contracted rent increases of $800 per unit scheduled for July and August, supporting a 7.49% cap rate when combined with seller-provided income reserves. Seller reserves are available for two to three years, enhancing early cash flow and reducing investor risk. In addition to the stabilized units, the property includes eleven (11) additional units approved for completion, with builders, engineers, and permits already in place to allow for a smooth and efficient build-out process. - Five (5) units have basement slabs poured and are shovel-ready - End units may be built as 4 bedrooms / 3.5 bathrooms - Interior units may be built as 3 bedrooms / 3.5 bathrooms with bonus rooms - These floorplans expand rentable area to approximately 2,000 square feet per unit - Six (6) additional units are designed as master-on-main homes, offering flexibility in floorplan selection - Configurable between approximately 1,440 to 2,000 square feet per unit - All six units feature Lake Lanier views, a highly desirable and limited product type in this submarket Upon full build-out, the portfolio offers approximately 21,760 total rentable square feet, all Class A construction. The community benefits from an established HOA with recently reduced dues, improving operating expenses and long-term NOI predictability. This offering provides a unique combination of immediate stabilized income, new-construction upside, lake-view product, and near-zero entitlement risk, all within close proximity to Lake Lanier, parks, shopping, and major commuter routes. Ideal for investors seeking scale, flexibility, and long-term appreciation in one of Hall County's most desirable corridors.