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Investment Highlights

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

Executive Summary

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.

Property Facts

Price $2,400,000
Price Per Unit $266,667
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.63 AC
Building Size 10,818 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1978/2016
Parking Ratio 1.39/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Vaulted Ceiling
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets

Site Amenities

  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 7 - 1,200
3+2 2 - 1,200
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 01-00025-05-018
  • 01-00025-05-001
Land Assessment
$71,453
Improvements Assessment
$1,310,667
Total Assessment
$1,382,120
  • Listing ID: 40004890

  • Date on Market: 4/2/2026

  • Last Updated:

  • Address: 535 Forrest Ave, Gainesville, GA 30501

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