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Angelica Moyer

angelicasellsgahomes@gmail.com +1(478) 442-4648

$ 1,900,000

Est. payment | -/mo

435 Sqft Lot

Save

$ 1,900,000

Est. payment | -/mo

Save

435 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Price Change

Purchase Type For Sale

Subdivision Hidden Cove

MLS Listing ID 10714666

HOA Fees $2,160

HOA Y/N Yes

Year Built 2024

Annual Tax Amount $3,866

Tax Year 2025

Lot Size 435 Sqft

Acres 0.01

Lot Dimensions 435.6

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Exceptional income-producing investment opportunity in the Lake Lanier corridor of Gainesville, GA. This offering includes four fully completed, 100% occupied Class A condominium units built in 2023, providing immediate cash flow with modern, low-maintenance construction. Each unit features approximately 1,440 square feet with 3 bedrooms and 3.5 bathrooms. Current gross rental income is approximately $90,600 annually based on the existing rent roll. The property offers lake views from the condominium units and is within walking distance of Holly Park and minutes from Lake Lanier, shopping, dining, medical facilities, and major employment centers, making it an attractive long-term investment in one of North Georgia's fastest-growing markets. An additional opportunity is available to purchase five slab-ready condominium sites separately or in combination with the completed units. The development portion includes existing basement slabs, utilities in place, previously issued permits, and civil engineering plans, providing the potential to expand the existing rental portfolio. The four completed condominium units, the five slab-ready condominium sites, or the entire package may be purchased together or separately. Updated leases, rent roll, financial information, permits, and development documentation are available upon request.

Location

State GA

County Hall

Rooms

Bedroom Description No

Basement Finished

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Detached

Garage Spaces 21.0

Community Features Lake, Near Shopping

Utilities Available Underground Utilities

View Y/N No

Total Parking Spaces 21

Garage Yes

Private Pool No

Building

Faces From Downtown Gainesville, take Jesse Jewell Pkwy NW to Thompson Bridge Rd. Turn right onto Thompson Bridge Rd and continue approximately 2.5 miles. Turn left onto Old Thompson Bridge Rd NW. Properties are located at 2451, 2447, 2443, and 2539 NW Old Thompson Bridge Rd.

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction No

Schools

Elementary Schools Enota

Middle Schools Gainesville East

High Schools Gainesville

Others

HOA Fee Include Insurance,Maintenance Structure,Maintenance Grounds

Tax ID 01097A000026

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Special Listing Condition Resale

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(478) 442-4648

angelicasellsgahomes@gmail.com

800 Battery Ave SE Ste 100 Atlanta, GA 30339, Atlanta, Georgia, 30339, USA

2451 NW Old Thompson Bridge RD Gainesville, GA 30501

Angelica Moyer

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2451 NW Old Thompson Bridge RD