Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
$3,500,000
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Lot: 0.01 Acres
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Other
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$3,500,000
2451 NW Old Thompson Bridge Road Exceptional Lake Lanier Class A 9-unit multifamily investment opportunity in Gainesville, GA combining stabilized income with immediate new construction upside. The offering includes 4 fully completed, 100% occupied condominium units generating approximately $99, 000 annually ($8, 250/month) with a current NOI of $80, 436. One unit has recently been re-leased at $2, 500/month, supporting continued rent growth. In addition, the property includes 5 shovel-ready Class A condominium units with basement slabs poured, utilities stubbed, and permits approved, allowing for rapid completion within approximately 90 - 120 days. The new units may be configured as: * End units: 4BR / 3.5BA * Interior units: 3BR / 3.5BA + bonus room (2, 000 SF) Upon completion of all 9 units, projected income increases significantly, creating a strong value-add and stabilization play in a high-demand rental market near Lake Lanier. Scheduled $800 rent increases per existing unit beginning July/August further enhance income performance, with projected stabilized NOI exceeding $117, 000+. Located minutes from Lake Lanier, Gainesville retail, and major employment corridors, this asset offers a rare opportunity to acquire in-place income with near-term scalable growth and minimal development risk.
Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com
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