2451 Nw Old Thompson Bridge Road, Gainesville, GA 30501
- $1,799,999
- List Price
- $1,799,999
- Price Change
- ▼ $50,000 1784574646
- MLS#
- 7738614
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.01
- Subdivision
- Hidden Cove
Property Description
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.
Additional Information
- Stories
- Three Or More
- Construction
- Cement Siding, Concrete
- Year Built
- 2024
- Neighborhood Amenities
- Lake, Near Shopping, Near Trails/Greenway
- Roof
- Composition
- Lot Dimensions
- 0x0x0
- Parking
- Detached, Level Driveway, Parking Lot
- Lot Desc
- Wooded
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Enota Multiple Intelligences Academy
- Middle School
- Gainesville East
- High School
- Gainesville
- Acres
- 0.01
- Dock
- Dock
- Levels
- Three Or More
- Taxes
- $3,866
Listing courtesy of EXP Realty, LLC..
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