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The Bradford 535 Forrest Ave 9 Unit Apartment Building $2,400,000 ($266,667/Unit) Gainesville, GA 30501



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 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 10,818 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1978/2016 |
| Apartment Style | Low-Rise | Parking Ratio | 1.39/1,000 SF |
| 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 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,310,667 | |
| Land Assessment | $71,453 | Total Assessment | $1,382,120 |
Property Taxes
Parcel Numbers
Land Assessment
$71,453
Improvements Assessment
$1,310,667
Total Assessment
$1,382,120
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The Bradford | 535 Forrest Ave
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