REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Lakendra Wiggan

info@makingmoveswithkendra.com +1(305) 926-0372

$1,290,000

Est. payment - /mo

435 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Hidden Cove

MLS Listing ID 7738667

Construction Status Resale

HOA Y/N No

Year Built 2024

Annual Tax Amount $3,866

Tax Year 2025

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Quadruplex

Source First Multiple Listing Service

Property 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.

Location

State GA

County Hall

Area Hidden Cove

Lake Name Lanier

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Window Features Double Pane Windows

Exterior

Parking Features Parking Lot, Paved, Varies by Unit

Fence None

Community Features Lake, Near Shopping, Near Trails/Greenway

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Waterfront Description Lake Front

View Y/N Yes

View Lake

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 8

Private Pool false

Building

Lot Description Wooded

Story Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Block,HardiPlank Type

Construction Status Resale

Schools

Elementary Schools Enota Multiple Intelligences Academy

Middle Schools Gainesville East

High Schools Gainesville

Others

Senior Community no

Tax ID 01097A000027

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Read Less Info

Listed by EXP Realty, LLC.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 926-0372

info@makingmoveswithkendra.com

1230 Peachtree St NE, Atlanta, GA, 30309, USA

2447 NW Old Thompson Bridge RD Gainesville, GA 30501

Lakendra Wiggan

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

2447 NW Old Thompson Bridge RD