Multi-Family $ 1,849,999

2451 NW Old Thompson Bridge RD

Gainesville, GA 30501

  • 435 Lot Size
  • 2024 Year Built
Exceptional income-producing investment opportunity in the Lake Lanier corridor of Gainesville, GA. This offering includes four fully completed, 100% occupied Class A condominium units built in 2023, providing immediate cash flow with modern, low-maintenance construction. Each unit features approximately 1,440 square feet with 3 bedrooms and 3.5 bathrooms. Current gross rental income is approximately $90,600 annually based on the existing rent roll.

The property offers lake views from the condominium units and is within walking distance of Holly Park and minutes from Lake Lanier, shopping, dining, medical facilities, and major employment centers, making it an attractive long-term investment in one of North Georgia's fastest-growing markets.

An additional opportunity is available to purchase five slab-ready condominium sites separately or in combination with the completed units. The development portion includes existing basement slabs, utilities in place, previously issued permits, and civil engineering plans, providing the potential to expand the existing rental portfolio.

The four completed condominium units, the five slab-ready condominium sites, or the entire package may be purchased together or separately. Updated leases, rent roll, financial information, permits, and development documentation are available upon request.
Listed by EXP Realty, LLC.

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Other

    Listing Status Active

    Purchase Type For Sale

    Subdivision Hidden Cove

    MLS Listing ID 7738614

    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 Other

    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 Cement Siding,Concrete

    Construction Status Resale

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Hardwood

    Window Features Double Pane Windows

  • Exterior

    Parking Features Detached, Level Driveway, Parking Lot

    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 9

    Private Pool false

  • Schools

    Elementary Schools Enota Multiple Intelligences Academy

    Middle Schools Gainesville East

    High Schools Gainesville

  • Others

    Senior Community no

    Tax ID 01097A000026

    Acceptable Financing 1031 Exchange, Cash

    Listing Terms 1031 Exchange, Cash

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CONTACT

Cindy LaDuke
Cindy LaDuke

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