2447 Old Thompson Bridge Road

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2447 Old Thompson Bridge Road

Gainesville, GA 30501
Asking Price
$1.29M
Cap Rate
6.24%
Asset Type
Multifamily
Class
Class B

What's Special

100% Occupied | 2023 Construction | Lake Views | Stabilized Class A Multifamily Asset <ul><li>​4 Fully Built Class A Condominium Units</li><li>​100% Occupied with Stabilized In-Place Income</li><li>​Approximately $90,600 Annual Gross Income Based on Current Rent Roll</li><li>​Estimated 6.24% Cap Rate at Current Asking Price</li><li>​Modern 2023 Construction</li><li>​3BR / 3.5BA Floorplans | Approx. 1,440 SF Each</li><li>​Current Rents Range from $1,750-$2,000/Month</li><li>​Leases Include Potential Renewal Rent Increase Provisions</li><li>​Lake Views from the Condominium Units</l

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NOI
$80,000
Cap Rate
6.20%
DSCR
1.04
Tight
Cash-on-Cash
0.88%
Monthly Payment
$6,382.216
Annual Cash Flow
$3,413.406

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