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Lake Shadow Condominiums | 79-Unit Portfolio | Gainesville, GA

2700 Shades Valley Lane
Gainesville, GA 30501
PRICE : $9,600,000
CAP RATE: 6.3%
PROPERTY TYPE: Senior Housing
SITE SIZE: 5.45 Acres


  • 79-unit condo portfolio in Gainesville, GA
  • Strong 98% occupancy rate
  • Units feature spacious 1, 2 & 3 bedroom layouts
  • Tremendous value-add opportunity with light cosmetic renovations
  • Below-market rents allow for immediate upside potential
  • Units have central HVAC, washer/dryer connections, crown molding, ceiling fans, 9’ ceilings and keypad entry
  • Quiet, gated community with a pool, clubhouse, tennis court and gym
  • Off-street parking with garage options
  • Close proximity and easy access to I-985, Lake Lanier and Downtown Gainesville


Opportunity to acquire Lake Shadow Condominiums, a 79-unit portfolio located in the Atlanta submarket of Gainesville, GA which is less than 5 miles from Lake Lanier. The offering includes (12) 1 bed / 1 bath, (43) 2 bed / 2 bath, and (24) 3 bed / 2 bath units. The sale will also include the club house, pool, tennis court, 32 parking garages and control of the HOA. The property has continued to experience strong rent collections throughout the pandemic with collections above 95% and is being sold with an high occupancy of 98%.

Built in 2008, the property features spacious 1, 2, & 3 bedroom floor plans, garages, pool, tennis court, gym, secured keypad entry and so much more. This is a value-add property with upside potential for new owner to continue to push rents with light cosmetic improvements. The condominiums have maintained strong occupancy and collections with average rents of $0.85/SF which is below the market average of $1.18/SF.

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