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3283 Cruse Road Northwest
Lawrenceville, GA 30044
Asking Price
$2.20M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
56-Unit Multifamily Development | LDP in Progress (4–6 Weeks to Approval) | 25 Acres <ul><li>Approximately ±5 usable acres in Lawrenceville, GA</li><li>Proposed 56-unit multifamily development</li><li>LDP in 2nd revision (near approval)</li><li>Expected approval timeline: 4–6 weeks</li><li>Additional ~20 acres in flood zone and wetlands</li><li>Asking $2.2M (~$39,300 per door)</li><li>Strong rental demand in Gwinnett County</li><li>Located across from Darus-us-Salam Masjid</li></ul><p></p>
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
