





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 upside.
Offered at $1,499,900, the property generates approximately $99,000 in annual gross income ($8,250/month) with a net operating income of $80,436 and an estimated 5.36% cap rate.
Unit rents are currently $2,000, $1,750, $2,000, and $2,500 (new lease recently executed), reflecting continued rent growth within the community.
Seller will cover HOA dues from closing through January 1, 2027 ($8,640/year), reducing operating expenses and increasing the effective return during the initial ownership period.
Additional upside exists as units trend toward market rents near $2,500/month, projecting total income of approximately $120,000 annually and a potential NOI exceeding $100,000, increasing cap rate into the mid-6% range.
Each unit offers 3 bedrooms, 3.5 bathrooms, approximately 1,440 SF, built in 2023, with modern finishes and layouts designed for long-term tenant demand.
Located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers, this property offers a rare combination of stable income, reduced operating expenses, and future rent growth potential.
Nearby Schools
Enota Multiple Intelligences AcademyElementary School
Gainesville EastMiddle School
GainesvilleHigh School
Location
Listed By
Similar Listings
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.

Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please go to the following link to review our DMCA policy and learn how to submit a takedown request: https://www.fmls.com/dmca.htm. © [] FMLS. Updated: 24th April, 2026 8:53 PM (UTC)
Listing Office: EXP Realty, LLC.
Attribution contact:
888-959-9461











































