Lake Lanier Income
2447 NW Old Thompson Bridge Road, Gainesville, GA 30501
MULTI_FAMILY - Gainesville, GA
Property size:
1,440 SFLot size:
0.01 AcresPrice / SF:
$895/SF- Added:
- Mar 20, 2026
- Days on Market:
- 55
- Last Refresh:
- May 13 at 2:06 pm
Property Features for 2447 NW Old Thompson Bridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot
- Window features
- Double Pane Windows
- Standard status
- Active
- APN
- 01097A000027
- Size
- 1,440 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3866
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
- Water front features
- Lake Front
- Water front
- 1
Building Details
- Year built
- 2024
- Floors in Building
- 3
- Flooring type
- Hardwood
- Building materials
- Block, HardiPlank Type
- Roof type
- Composition
Listing agent Cindy LaDuke (888) 959-9461
Listing office EXP Realty, LLC. 1372 Peachtree St NE, Atlanta, GA (888) 959-9461
Listing date Mar 20, 2026
MLS# 7738667
Listing URL
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing investment property with 4 fully occupied Class A condominium units.
- Strong in‑place cash flow with an estimated 5.36% cap rate.
- Seller will cover HOA dues through January 1, 2027, reducing operating expenses.
- Located minutes from Lake Lanier, Gainesville retail, and major employment centers.
- Each unit features 3 bedrooms, 3.5 bathrooms, approximately 1,440 SF, and modern finishes.
- Built in 2024 with durable construction materials and modern amenities.
Overview
This Gainesville, GA multifamily property presents an income-producing investment opportunity near Lake Lanier. The property features 4 fully completed Class A condominium units, which are currently 100% occupied. The units generate approximately $99,000 in annual gross income, or $8,250 per month, with a net operating income of $80,436 and an estimated 5.36% cap rate. Unit rents are currently $2,000, $1,750, $2,000, and $2,500. Each unit offers 3 bedrooms, 3.5 bathrooms, and approximately 1,440 square feet. Constructed in 2023, the units feature modern finishes and layouts. The seller will cover HOA dues from closing through January 1, 2027, which amounts to $8,640 per year. The property is located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers. The lot size is approximately 0.01 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.847349
- Latitude
- 34.335441
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Gainesville multifamily investment opportunity near Lake Lanier.
Where is this apartment building located?
The property is located at 2447 NW Old Thompson Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Income‑producing investment property with 4 fully occupied Class A condominium units.; Strong in‑place cash flow with an estimated 5.36% cap rate.; Seller will cover HOA dues through January 1, 2027, reducing operating expenses.
