Lake Lanier Class A 9-Door Multifamily Portfolio
Class A 9-Unit Condominium Portfolio | Stabilized Income + New Construction |
Marketing description
Exceptional Lake Lanier multifamily and development opportunity located at 2439-2467 Old Thompson Bridge Road in Gainesville, Georgia.
Offered at $1,899,999, the complete package includes four fully completed, 100% occupied Class A condominium units together with five additional slab-ready condominium sites, creating a rare combination of immediate income and near-term expansion potential.
The four completed units were built in 2023 and provide approximately 5,760 total square feet of residential improvements. Each unit offers approximately 1,440 square feet with three bedrooms, three and one-half bathrooms, modern finishes, and functional layouts designed to support strong long-term tenant demand.
The current rent roll generates approximately $7,550 per month, or $90,600 in annual gross rental income. The completed units are professionally managed and provide stabilized in-place cash flow from day one.
The development component includes five existing basement slabs, utilities installed or stubbed to the sites, previously issued residential construction permits, and civil engineering plans. This provides a buyer with the opportunity to complete five additional condominium units and expand the project from four income-producing units to nine total units.
Previously issued permits are not represented as currently active. Buyer should independently verify renewal, re-permitting, inspection, governmental approval, and construction requirements with the applicable authorities.
The property offers lake views from the condominium units and is within walking distance of Holly Park and Lake Lanier access. It is also conveniently located near downtown Gainesville, retail, dining, medical facilities, and major employment corridors.
This offering is well suited for investors, developers, builders, 1031 exchange buyers, and long-term portfolio owners seeking stabilized income with meaningful development upside in a growing North Georgia market.
Updated leases, rent roll, financial information, civil plans, permits, and supporting development documentation are available upon request.
Seller is motivated, seeking a direct purchase, and actively reviewing qualified written offers.
Investment highlights
• Four fully completed Class A condominium units
• Five additional slab-ready condominium sites included
• 100% occupancy across the four completed units
• Approximately $90,600 in current annual gross rental income
• Modern 2023 construction
• Each completed unit offers approximately 1,440 SF
• 3-bedroom, 3.5-bathroom floorplans
• Approximately 5,760 SF of completed residential improvements
• Existing basement slabs for five additional units
• Utilities installed or stubbed to the development sites
• Previously issued residential construction permits
• Civil engineering and site plans available
• Immediate income with significant expansion potential
• Opportunity to expand from four completed units to nine total units
• Lake views from the completed condominium units
• Walking distance to Holly Park and Lake Lanier access
• Strong Gainesville and Lake Lanier rental corridor
• Multiple potential exit strategies, including hold, build-out, refinance, or individual unit disposition
• Updated leases, rent roll, financials, permits, and development documents available
• Seller is motivated and actively reviewing qualified offers
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