Multi-Family $ 1,290,000

2447 NW Old Thompson Bridge RD

Gainesville, GA 30501

  • 435 Lot Size
  • 2024 Year Built
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.
Listed by EXP Realty, LLC.

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    Subdivision Hidden Cove

    MLS Listing ID 7738667

    Construction Status Resale

    HOA Y/N No

    Year Built 2024

    Annual Tax Amount $3,866

    Tax Year 2025

    Lot Size 435 Sqft

    Acres 0.01

    Property Sub-Type Quadruplex

    Source First Multiple Listing Service

  • Location

    State GA

    County Hall

    Area Hidden Cove

    Lake Name Lanier

  • Building

    Lot Description Wooded

    Story Three Or More

    Sewer Public Sewer

    Water Public

    Level or Stories Three Or More

    Structure Type Block,HardiPlank Type

    Construction Status Resale

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Hardwood

    Window Features Double Pane Windows

  • Exterior

    Parking Features Parking Lot, Paved, Varies by Unit

    Fence None

    Community Features Lake, Near Shopping, Near Trails/Greenway

    Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

    Waterfront Description Lake Front

    View Y/N Yes

    View Lake

    Roof Type Composition

    Accessibility None

    Handicap Access None

    Total Parking Spaces 8

    Private Pool false

  • Schools

    Elementary Schools Enota Multiple Intelligences Academy

    Middle Schools Gainesville East

    High Schools Gainesville

  • Others

    Senior Community no

    Tax ID 01097A000027

    Acceptable Financing 1031 Exchange, Cash

    Listing Terms 1031 Exchange, Cash

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CONTACT

Cindy LaDuke
Cindy LaDuke

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