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2447 NW Old Thompson Bridge Road, Gainesville, GA 30501

Gainesville
Local realty services provided by:CENTURY 21 Crowe Realty
2447 NW Old Thompson Bridge Road,Gainesville, GA 30501
$1,199,999
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cindy presgraves
Office: exp realty
MLS#:10714727
Source:METROMLS

Price summary

  • Price:$1,199,999
  • Monthly HOA dues:$720

About this home

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...

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Home facts

  • Year built:2024
  • Listing ID #:10714727
  • Updated:July 26, 2026 at 11:07 AM

Rooms and interior

  • Basement Description:Finished

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:2024
  • Lot area:0.01 Acres
  • Construction Materials:Block
  • Foundation Description:Block
  • Levels:3+ Story

Schools

  • High school:Gainesville
  • Middle school:Gainesville East
  • Elementary school:Enota

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,999
  • Tax amount:$3,866 (2025)

Parking

  • Total parking spaces:8
  • Parking description:Parking Pad
MLS Logo2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed July 26, 2026 METROMLS Member Broker: Clinton Crowe

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