Residential Income in Gainesville

$1,599,900

2451 Old Thompson Bridge, 30501, Gainesville, GA

Residential Income for sale in Gainesville, 2451 Old Thompson Bridge, 30501

2451 Old Thompson Bridge, 30501, Gainesville, GA

$1,599,900

Type: Residential Income

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

2451 Old Thompson Bridge, 30501, Gainesville, GA

Data

Object TypeResidential Income
Purchase Price$1,599,900
Living Space0 m²
Plot Size40.47 m²
BathroomsN/A
Construction Year2024
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral
Primary Energy SourceN/A
Construction Year2024
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent