Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
$1,499,900
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Lot: 0.01 Acres
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Other
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$1,499,900
2447 NW Old Thompson Bridge Road 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.
Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
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