535 Forrest Ave - Apartments FOR SALE


Gainesville, GA 30501- Downtown Gainesville
$2,400,000 USD
770-540-7881
535 Forrest Ave, Gainesville, GA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

535 Forrest Ave
Gainesville, GA 30501
Downtown Gainesville


HIGHLIGHTS

  • 100% Occupied | Immediate Cash Flow
  • Prime Location
  • Efficient Unit Mix

OVERVIEW

Introducing 535 Forrest Avenue, "The Bradford," a rare opportunity to acquire a fully stabilized, income-producing multifamily asset in the rapidly growing Gainesville market. This approximately 10,800-square-foot property consists of nine well-designed residential units with an ideal mix of two- and three-bedroom floor plans, catering to strong tenant demand in the area. The property is currently operating at 100% occupancy with rents averaging approximately $1,750 per month, delivering immediate and consistent cash flow from day one. Originally built in 1978 and extensively renovated in 2016, the asset offers modern interiors, including stainless steel appliances and updated finishes, positioning it competitively within the market. Strategically located on a 0.63-acre site near downtown Gainesville, the property benefits from proximity to major employment centers, retail, dining, and schools, further supporting long-term rental stability. On-site parking and functional layouts enhance tenant retention and overall asset performance. With strong in-place income, full occupancy, and continued rental demand in the submarket, The Bradford presents investors with a turnkey opportunity and clear upside potential through rent growth and operational efficiencies. This is an ideal acquisition for investors seeking a high-performing asset in a proven North Georgia rental corridor.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

9

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bradford

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

01-00025-05-001,01-00025-05-018

ASK ABOUT THIS PROPERTY

Leslie WhiteResource Property Group LLCMore Info
770-540-7881

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Leslie WhiteResource Property Group LLCMore Info
770-540-7881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.