USAGAGainesvilleHidden Cove2447 Old Thompson Bridge Rd
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New
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$1,540,000

For Sale

2 days ago

2447 Old Thompson Bridge Rd, Gainesville, GA

MLS® 7738667

0 Bed

0 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes $3,866
Days Active 1
Lot Size 0.01 acres
Approx. Age 2024
MLS® Number 7738667

Property Address: 2447 Old Thompson Bridge Rd, Gainesville, GA, 30501-1142

Average square foot calculated using Size range provided by listing agent.

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 $99, 000 annually ($8, 250/month) with a net operating income of $80, 436 and an estimated 5.2% cap rate at the current list price. Unit rents are currently $2, 000, $1, 750, $2, 000, and $2, 500 (new lease recently executed), reflecting upward rental trends within the community. Leases include renewal provisions allowing for rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions. Units are trending toward market rents near $2, 500/month, projecting total income of approximately $120, 000 annually and a potential NOI exceeding $100, 000, increasing cap rate into the mid-6% range. Each unit offers 3 bedrooms, 3.5 bathrooms, approximately 1, 440 SF, modern finishes, and functional layouts appealing to long-term tenants. Located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers, this property offers a rare combination of stable income, strong rental demand, and future rent growth potential.
MLS® Number7738667
Laundry Level
Central VacNo
FireplaceNo
Acreage0.01
Exterior
GarageNo
Approx. Age2024
Basement
DrivewayParking Lot, Paved, Varies by Unit
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$1,540,000List Price
  • Commute

Commute

Starting Address
Destination Address
2447 Old Thompson Bridge Rd, Gainesville, GA

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