2451 NW Old Thompson Bridge RD, Gainesville, GA 30501
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2451 NW Old Thompson Bridge RD, Gainesville, GA 30501
2451 NW Old Thompson Bridge RD, Gainesville, GA 30501
2451 NW Old Thompson Bridge RD, Gainesville, GA 30501
2451 NW Old Thompson Bridge RD, Gainesville, GA 30501
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2451 NW Old Thompson Bridge RD Gainesville, GA 30501

435 Sqft Lot


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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

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.

Location

State GA

County Hall

Area Hidden Cove

Lake Name Lanier

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

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

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


First Multiple Listing Service(FMLS)
Listed by EXP Realty, LLC.
Franmicka Ford

Franmicka Ford

Broker Associate | License ID: 271705

+1(404) 862-7972

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2451 NW Old Thompson Bridge RD