535 Forrest AVE, Gainesville, GA 30501
535 Forrest AVE, Gainesville, GA 30501
535 Forrest AVE, Gainesville, GA 30501
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Elizabeth Harvill

Elizabeth Harvill

+1(912) 245-1186
$2,400,000
Est. payment /mo
0.63 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10721645

HOA Y/N No

Year Built 1978

Annual Tax Amount $35,932

Tax Year 2025

Lot Size 0.630 Acres

Acres 0.63

Lot Dimensions 27442.8

Property Sub-Type Multi Family

Source Georgia MLS 2

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.

Location

State GA

County Hall

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Side/Rear Entrance

Garage Spaces 10.0

Community Features Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Other

View Y/N No

Total Parking Spaces 10

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Schools

Elementary Schools Centennial

Middle Schools Gainesville East

High Schools Gainesville

Others

HOA Fee Include None

Tax ID 01025 005001

Special Listing Condition Updated/Remodeled

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Georgia MLS - GAMLS
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535 Forrest AVE

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Elizabeth Harvill
Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

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