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Pinebrook Place 3656 Browns Bridge Rd 66 Unit Apartment Building $12,961,895 CAD ($196,392 CAD/Unit) 6.09% Cap Rate Gainesville, GA 30504
Investment Highlights
- Milken Institute’s #1 top performing small metro area in the country (2025)
- 26 Classic units remain with a $108 proven premium on fully renovated units
- 24% of floorplans are highly desirable two-story townhome units
- $114K Avg. HHI 1-mile radius, $75k MHHI 1-mile radius
- Since 2022 $900,000 ($13.6k/unit) has been spent in CapEx towards asset preservation, curb appeal, and resident experience
- Efficient operations thanks to in-place management headquartered 10 minutes away
Executive Summary
NO SELLER FINANCING | ALL FINANCIALS AVAILABLE FOR DOWNLOAN IN DATA ROOM
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.
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,961,895 CAD | Building Class | C |
| Price Per Unit | $196,392 CAD | Lot Size | 7.84 AC |
| Sale Type | Investment | Building Size | 56,600 SF |
| Cap Rate | 6.09% | Average Occupancy | 90% |
| No. Units | 66 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2006/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | PRD | ||
| Price | $12,961,895 CAD |
| Price Per Unit | $196,392 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.84 AC |
| Building Size | 56,600 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2022 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | PRD |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Pet Play Area
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 37 | $1,685 CAD | 750 |
| 2+1.5 | 16 | $1,958 CAD | 950 |
| 2+2 | 13 | $1,972 CAD | 1,050 |
Property Taxes
| Parcel Number | 08-00034-01-002 | Total Assessment | $3,856,803 CAD |
| Land Assessment | $150,155 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,706,648 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08-00034-01-002
Land Assessment
$150,155 CAD
Improvements Assessment
$3,706,648 CAD
Total Assessment
$3,856,803 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Pinebrook Place | 3656 Browns Bridge Rd
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