2447 NW Old Thompson Bridge Road

Highlights:

• Lot Features: Wooded
• Bathrooms Total: 0
• Cooling: Central Air
• Heating: Central
• Flooring: Hardwood
• Construction Materials: Block, HardiPlank Type
• Parking Features: Parking Lot, Paved, Varies by Unit
• Accessibility Features: None
• Security Features: None

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.

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