2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
Hidden Cove · Hall County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
Quadruplex
Year Built
2024
Stories
3
Lot Size
0.01 acres
Garage Spaces
8
Parking Spaces
8
Days on Market
122
MLS® Listing#
10714727
Property Features
Cooling
Heating
Basement
Parking
Construction
Foundation
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Enota
- Middle:
- Gainesville East
- High:
- Gainesville
Financial Details
HOA
$8,640 / Annually
Annual Taxes
$3,866
Tax year 2025
Parcel Number
01097A000027
Directions
From Downtown Gainesville, take Jesse Jewell Pkwy (US-129) toward Old Thompson Bridge Rd. Turn onto Old Thompson Bridge Rd (GA-60) and continue north. Property will be on the right near Hidden Cove Ct. Use GPS: 2439, 2443, 2447, 2451 Old Thompson Bridge Rd, Gainesville, GA 30501
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $959,999 · Est. interest $1,339,284 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gainesville, GA
- $524,939
- Median Listing Price
- 59
- Median Days on Market
- 2,444
- Median Sq Ft
- $216
- Median Price / Sq Ft
- 1,433
- Active Listings
- This home’s price is 129% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gainesville, GA.
Location
Points of Interest in Gainesville, GA
Showing the Gainesville area map.
Nearby Schools
Primrose Schools
Elementary · 0.4 mi away
Gfumc Preschool
School · 0.9 mi away
Riverside Military Academy
School · 0.9 mi away
North Georgia Christian School
School · 1.3 mi away
Enota Multiple Intelligences Academy
School · 1.6 mi away
Enota Elementary School
Elementary · 1.6 mi away
Riverbend Elementary School
Elementary · 2.0 mi away
First Baptist Church
School · 2.1 mi away
Chicopee Woods Elementary School
Elementary · 2.2 mi away
Hall Mountain Education
School · 2.3 mi away
Gainesville High School
Secondary · 2.4 mi away
Good Shepherd Lutheran Church
Elementary · 2.4 mi away
Gainesville High School
Secondary · 2.5 mi away
Lakeview Academy
School · 2.5 mi away
Chestatee High School
Secondary · 2.8 mi away
Sardis Elementary School
Elementary · 2.8 mi away
Gainesville Middle School
Secondary · 2.8 mi away
Chestatee Middle School
Secondary · 2.9 mi away
Fair Street International Academy
School · 3.1 mi away
Fair Street School
School · 3.1 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Gainesville
Listing Courtesy: eXp Realty - 8889599461