USAGAGainesvilleHidden Cove2447 Old Thompson Bridge Rd
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$1,149,900

For Sale

5 months ago

2447 Old Thompson Bridge Rd, Gainesville, GA

House

MLS® 7738667

0 Bed

0 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $3,866
Days Active 140
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 $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.
MLS® Number7738667
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
Basement
DrivewayParking Lot, Paved, Varies by Unit
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$1,149,900List Price
  • Commute

Commute

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

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Cindy LaDuke

Listing Agent

Cindy LaDuke

[email protected]
(678) 650-1425
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