$1,149,900

2447 NW Old Thompson Bridge Road, Gainesville, GA 30501

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2024
  • Property Lot Size Icon436sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

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 $90,600 annually ($7,550/month) based on the current rent roll, with an estimated NOI of approximately $80,436 and an estimated 6.24% cap rate at the current list price of $1,290,000. Current unit rents are $2,000, $1,750, $1,800, and $2,000/month. Leases include renewal provisions allowing for potential rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions and buyer verification. Each unit offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms, featuring modern construction (2023), functional floorplans, and low-maintenance ownership appeal for long-term investors. The property is within walking distance to Holly Park and offers lake views from the condominium units, enhancing tenant appeal and long-term rental demand. Conveniently located minutes from Lake Lanier, Gainesville retail corridors, dining, medical facilities, and major employment centers, this property offers a rare combination of stabilized income, strong rental demand, and future rent growth potential in one of North Georgia's fastest-growing lake-area markets.

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
August 11, 2026 at 7:08PM
Listing Office:
eXp Realty : 888-959-9461
Listing Agent:
Cindy LaDuke : 678-650-1425
MLS ID:
10714727
  • Basement: Finished
  • A/C: Central Air
  • Heating: Central
  • Fireplace: Fireplaces: 0
  • Parking: Parking PadParking spaces: 8
  • General: BlockThree Or More
  • HOA Amenities: Maintenance StructureMaintenance Grounds8640.0
  • Originating MLS: Georgia MLS 2
  • County: Hall
  • Zoning: 01097A000027
  • Utilities: Underground Utilities
  • Water: Public
  • Sewer: Public Sewer
  • Source: Georgia MLS 2

This listing courtesy of Cindy LaDuke , eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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