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$1,149,900
10714727 MLS
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 condominium units, enhancing tenant appeal and long-term rental demand. Conveniently located minutes from Lake Lanier, Gainesville retail corridors, dining, medical facilities, and major employment centers, this property offers a rare combination of stabilized income, strong rental demand, and future rent growth potential in one of North Georgia's fastest-growing lake-area markets.

2447 NW Old Thompson Bridge Road, Gainesville

$1,499,900
10714666 MLS
Exceptional Lake Lanier investment property for sale in Gainesville, GA, now offered as a complete package at $1,499,900. This income-producing real estate opportunity includes four fully completed, 100% occupied Class A condominium units built in 2023 PLUS five additional permitted, utility-ready condominium development sites, creating immediate rental income with future development potential for up to nine total units. The four completed condominium units provide approximately 5,760 total square feet, with each residence offering approximately 1,440 square feet, 3 bedrooms and 3.5 bathrooms. Current gross rental income is approximately $90,600 annually, based on the existing rent roll. NEW SELLER INCENTIVE: Seller will pay 100% of the HOA dues on the four completed condominium units for five years, subject to the final purchase agreement. Current HOA dues are approximately $180 per month per completed unit, representing approximately $43,200 in potential HOA value over five years based on current dues. The development component includes five existing basement slabs, utilities in place, permits for development, and civil engineering plans, providing a buyer with the opportunity to complete five additional condominium units and potentially expand the existing rental portfolio from four units to nine total units. Located in the Gainesville, GA / Lake Lanier corridor, the completed units offer lake views and are within walking distance of Holly Park, with convenient access to Lake Lanier, downtown Gainesville, shopping, dining, medical facilities, and major employment centers. This property may appeal to investors searching for a multifamily investment in Gainesville GA, Lake Lanier income-producing property, 1031 exchange opportunity, buy-and-hold investment, or Gainesville development opportunity. Complete package: $1,499,900. Seller is motivated and reviewing qualified offers. Updated leases, rent roll, property-management financials, HOA information, permits, civil plans, and development documentation are available upon request. Buyer to independently verify permit status, utilities, construction requirements, and all development information during due diligence.

2451 NW Old Thompson Bridge Road, Gainesville

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