
Pinebrook Place
Value-Add Multifamily Opportunity | 66 Units | $143,939/unit
Marketing description
NO SELLER FINANCING | ALL FINANCIALS CAN BE DOWNLOADED FROM THE DD LINK
66-units build in 1983, located in Gainesville, GA, Milken Institute’s #1 top performing small metro area in the country (2025). Situated on Browns Bridge Road with ~30,000 cars passing by daily, driving traffic.
Investment highlights
GAINESVILLE MARKET
Hall County has been one of the strongest markets in GA over the last two decades with population increasing 86% since 2000. Milken Institute featured Gainesville as the #1 top performing small metropolitan area in the country on its 2025 list. This trend is expected to continue as Gainesville sits along a major SE logistics corridor and offers a superior quality of life compared to its Metro Atlanta competitors.
STRONG NEIGHBORHOOD
Pinebrook Place boasts an average household income of $114K+ within a one-mile radius. Additionally,
the property sits 0.3 miles away from Gainesville’s first ultra-luxury resort which is expected to deliver in 2027.
PROVEN VALUE-ADD PROGRAM
New ownership can upgrade 26 classic and 33 partially renovated units to premium level. Premium units are currently achieving rent bumps of $108 over in-place classic rents and $99 over in-place partially renovated rents. These renovations will generate over $74k in additional annual rental revenue.
OPPORTUNIT Y TO PUSH RENTS TO MARKET
Competitors’ rents outpace subject’s average in-place rents by $156.
SUBSTANTIAL CAPITAL INFUSION
Since 2022, $900,000 ($13,639/unit) has been invested in asset preservation, curb appeal, and resident experience.
IDEAL UNIT MIX
Pinebrook Place consists of one- and two-bedroom floor plans. Over 24% of the property is two-story townhomes.
Each unit features washer/dryer connections and ample storage, with select units offering private back patios.
EFFICIENT PROPERTY
Pinebrook Place has very lean expenses, primarily due to a part-time structure with the dominant property
management firm in the area. New ownership can continue to leverage this unique set-up.
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