Active

2447 NW Old Thompson Bridge Road

Gainesville, GA 30501

$1,290,000 $5,438/Mo

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Overview

Bed

Bath

0.01

Acre(Lot)

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 mode rn 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.

Property Details

Property Type : Residential Income

Price : $1,290,000

AD Id : 76306622

MLS Id : 7738667

Lot Size : 0.01 Acre

Year Built : 2024

County : Hall

Subdivision: Hidden Cove

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Hardwood
Roofing Information

Composition
Interior Features

Roof: Composition Window Features: Double Pane Windows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air Water front: 1

Building Information

Year Built: 2024 Construction Materials: Block, HardiPlank Type Private Pool: No Water front Features: Lake Front View: Lake
Exterior Features

Exterior Features: Dock

Lot Information

Lot Dimensions: 0x0x0 Lot Size Acres: 0.01 Lot Size Source: Public Records Lot Description: Wooded

Property Information

Subdivision: Hidden Cove Source Property Type: Residential Income Property SubType: Quadruplex Levels: Three Or More Property Age: 2

Listing Price Information

Listing Price: $1290000 Original Price: $1540000 1031 Exchange, Cash

Tax Information

Parcel Number: 01097A000027 Tax Lot: 7 Tax Year: 2025 Annual Tax: $3866 Tax Legal Desc: HIDDEN COVE CONDOS LOT 7

Parking Information

Parking Total: 8 Parking Lot, Paved, Varies by Unit

School Information

Elementary School: Enota Multiple Intelligences Academy

Junior High School: Gainesville East

Senior High School: Gainesville
Utility Information

Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Location Information

Direction: From Downtown Gainesville, take Jesse Jewell Pkwy (US-129) toward Old Thompson Bridge Rd. Turn onto Old Thompson Bridge Rd (GA-60) and continue north. Property will be on the right near Hidden Cove Ct. Use GPS: 2439, 2443, 2447, 2451 Old Thompson Bridge Rd, Gainesville, GA 30501 WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
24 E Main Street, Gainesville, GA, 30501	$339,900	--	--	--
920 Cardinal Drive, Gainesville, GA, 30501	$1,100,000	--	--	--

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ByOwner last updated this listing 06/16/2026 @ 04:42

MLS: 7738667 LISTED BY: Cindy LaDuke, EXP Realty, LLC. 888-959-9461 SOURCE: First Multiple Listing Service (FMLS)