Property Location

2451 NW Old Thompson Bridge Road, Gainesville GA 30501

List Price $1,799,999
Units 9
Price / Unit $200,000
2451 NW Old Thompson Bridge Road Gainesville, GA 30501
FMLS IDX Data last updated: July 30, 2026 at 7:54 PM
ACTIVE
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.
Investment Notes — Gainesville
  • Located in the Gainesville, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled using FMLS data + Atlanta market benchmarks · Estimates applied where listing data is incomplete

Price per Unit $200,000 Verified
Est. Cap Rate No Data
Gross Income No Data
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Est. Year 1 Cash Flow after estimated debt service No Data
Confidence scores included Latest FMLS data Transparent modeling
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Important Investment Disclaimer
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using available FMLS listing data combined with Atlanta metro market benchmarks (including estimated average rents, vacancy, and expense ratios) when complete rent-roll or operating data is not provided in the listing.

Any estimated or modeled figures shown on this site represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7738614 · Listing courtesy of EXP Realty, LLC., Cindy LaDuke · 888-959-9461

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily