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$3,500,000
2 Days On Site

2451 NW Old Thompson Bridge Road
Gainesville, GA 30501

For Sale|Residential Income|Active
0
Beds
0
Total Baths
2024
Built
Subdivision:
Hidden Cove
County:
Hall
Listing Courtesy Of: Cindy LaDuke of EXP Realty, LLC. Broker: 888-959-9461 Prefer Ph#:cindy@cindysrealtygroup.com

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706-760-7325
2451 NW Old Thompson Bridge Road2451 NW Old Thompson Bridge Road2451 NW Old Thompson Bridge Road2451 NW Old Thompson Bridge Road
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Exceptional Lake Lanier Class A 9-unit multifamily investment opportunity in Gainesville, GA combining stabilized income with immediate new construction upside. The offering includes 4 fully completed, 100% occupied condominium units generating approximately $99,000 annually ($8,250/month) with a current NOI of $80,436. One unit has recently been re-leased at $2,500/month, supporting continued rent growth. In addition, the property includes 5 shovel-ready Class A condominium units with basement slabs poured, utilities stubbed, and permits approved, allowing for rapid completion within approximately 90 - 120 days. The new units may be configured as: • End units: 4BR / 3.5BA • Interior units: 3BR / 3.5BA + bonus room (2,000 SF) Upon completion of all 9 units, projected income increases significantly, creating a strong value-add and stabilization play in a high-demand rental market near Lake Lanier. Scheduled $800 rent increases per existing unit beginning July/August further enhance income performance, with projected stabilized NOI exceeding $117,000+. Located minutes from Lake Lanier, Gainesville retail, and major employment corridors, this asset offers a rare opportunity to acquire in-place income with near-term scalable growth and minimal development risk.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.01 Acres
Year Built 
2024
MLS® Number 
7738614
Status 
Active
Property Tax 
$3,866
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing first seen on site
2 days agoListing updated with changes from the MLS®
General Features
Acres 
0.01
Green Energy Efficient 
Appliances
Levels 
Three Or More
Number Of Stories 
3
Parking 
DetachedParking LotDriveway
Parking Spaces 
9
Sewer 
Public Sewer
Utilities 
Cable AvailableElectricity AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available
Water Source 
Public
Interior Features
Cooling 
Central Air
Flooring 
Hardwood
Heating 
Central
Window Features 
Double Pane Windows
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Exterior Features
Construction Details 
Cement SidingConcrete
Exterior 
Dock
Fencing 
None
Lot Features 
Wooded
Roof 
Composition
View 
Lake
Waterfront 
Yes
Waterfront Features 
Lake Front
Waterview 
Lake
Windows/Doors 
Double Pane Windows
Community Features
Community Features 
Lake
Financing Terms Available 
1031 ExchangeCash
Schools
School District
Unknown
Elementary School
Enota Multiple Intelligences Academy
Middle School
Gainesville East
High School
Gainesville
Listing Courtesy Of: Cindy LaDuke of EXP Realty, LLC. Broker: 888-959-9461 Prefer Ph#:cindy@cindysrealtygroup.com

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