535 Forrest Ave, Gainesville, GA 30501
- $2,400,000
- List Price
- $2,400,000
- MLS#
- 7744074
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.63
- Subdivision
- -
Property Description
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.
Additional Information
- Stories
- Multi/Split
- Construction
- HardiPlank Type
- Year Built
- 1978
- Neighborhood Amenities
- Near Beltline, Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights
- Roof
- Asbestos Shingle
- Lot Dimensions
- 27443
- Parking
- Parking Lot, Paved
- Lot Desc
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Centennial Arts Academy
- Middle School
- Gainesville East
- High School
- Gainesville
- Acres
- 0.63
- Levels
- Multi/Split
- Taxes
- $35,932
Listing courtesy of Resource Brokers, LLC..
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