2447 NW Old Thompson Bridge Road, Gainesville, GA 30501

Property Description

Exceptional Lake Lanier income-producing investment opportunity in Gainesville, GA featuring 4 fully completed, 100% occupied Class A condominium units with strong in-place cash flow and built-in rent growth potential. Current rental income is approximately $99,000 annually ($8,250/month) with a net operating income of $80,436 and an estimated 5.2% cap rate at the current list price. Unit rents are currently $2,000, $1,750, $2,000, and $2,500 (new lease recently executed), reflecting upward rental trends within the community. Leases include renewal provisions allowing for rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions. Units are trending toward market rents near $2,500/month, projecting total income of approximately $120,000 annually and a potential NOI exceeding $100,000, increasing cap rate into the mid-6% range. Each unit offers 3 bedrooms, 3.5 bathrooms, approximately 1,440 SF, modern finishes, and functional layouts appealing to long-term tenants. Located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers, this property offers a rare combination of stable income, strong rental demand, and future rent growth potential.

Listing Status:

Active

Date Added:

March 20, 2026

Data Last Updated:

March 26, 2026 at 4:06AM

Listing Office:

eXp Realty : 888-959-9461

Listing Agent:

Cindy LaDuke : 678-650-1425

MLS ID:

10714727

Interior

• Basement: Finished
• A/C: Central Air
• Heating: Central
• Fireplace: Fireplaces: 0

Exterior

• Parking: Parking PadParking spaces: 8

Construction

• General: BlockThree Or More

Location

• HOA Amenities: Maintenance StructureMaintenance Grounds8640.0
• Originating MLS: Georgia MLS 2
• County: Hall

Lot

• Zoning: 01097A000027

Utilities

• Utilities: Underground Utilities
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Georgia MLS 2