USAGAGainesvilleHidden Cove2451 Old Thompson Bridge Rd

$1,499,900

For Sale

7 months ago

2451 Old Thompson Bridge Rd, Gainesville, GA

Name: 2451 Old Thompson Bridge Rd, For Sale in Gainesville - eXp Realty
Brand: EXP Realty, LLC.
SKU: 7738614
Price: 1499900 USD

House

FMLS# 7738614

0 Bed

0 Bath

9 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $3,866

Days Active 204

Lot Size 0.01 Acres

Approx. Age 2024

FMLS# 7738614

Property Address: 2451 Old Thompson Bridge Rd, Gainesville, GA, 30501-1142

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

Description

MAJOR SELLER INCENTIVE: Seller will pay the HOA dues on the 4 completed units for 5 YEARS, subject to final contractual terms. Current HOA dues are approximately $180 per month per completed unit, representing approximately $43, 200 in potential HOA savings over five years based on current dues. Exceptional income-producing investment property in the Gainesville, GA / Lake Lanier corridor offering 4 completed, 100% occupied Class A condominium units PLUS 5 additional slab-ready condominium development sites in one complete package. The four completed units were built in 2023 and provide approximately 5, 760 total SF, with each residence offering approximately 1, 440 SF, 3 bedrooms and 3.5 bathrooms. Current rental income totals approximately $7, 550 per month / $90, 600 annually based on the existing rent roll. The development portion includes 5 existing basement slabs with utilities in place or stubbed to the sites. Seller represents the development sites as permitted and ready to build, with civil engineering plans and supporting development documentation available for buyer review and verification. This offering provides an opportunity to acquire immediate rental income today with the potential to expand from 4 completed units to 9 total units. The completed units offer lake views and are within walking distance of Holly Park and Lake Lanier access, with convenient access to Downtown Gainesville, shopping, dining, medical facilities and major employment centers. Ideal for multifamily investors, builders, developers, 1031 Exchange buyers, portfolio investors and buy-and-hold investors seeking income-producing real estate with development upside near Lake Lanier. Complete package offered at $1, 499, 900. Updated leases, rent roll, property-management financials, HOA information, permits, plans and development documentation available upon request. Buyer to independently verify permit status, utilities, governmental approvals, construction requirements and all development information during due diligence.

FMLS#7738614

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2024

Basement

DrivewayDetached, Level Driveway, Parking Lot

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 20, 2026List Date

$1,499,900List Price

Commute

Commute

Starting Address

Destination Address

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Listing Agent

Cindy LaDuke

[email protected]

(678) 650-1425

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