Forest Vale

Atlanta

Forest Vale is a 254 unit garden-style apartment rental community located north of Atlanta, Georgia, in the city of Norcross in Gwinnett County. Forest Vale offers residents quick and convenient access to the surrounding area featuring numerous retail and economic job centers. There have been numerous employment announcements in the area as well, including the $100MM expansion of Suniva Inc, a solar cell-maker, just five miles north of the property, and the redevelopment of the OFS plant into the Atlanta Media Campus, which will be the largest film studio in the southeast, and just two miles north of Forest Vale.

Forest Vale is located in an attractive submarket, yielding healthy demographic support for multifamily product. The area within a five-mile radius of the property enjoys an average household income of $63,110 USD and median home values of $159,733 USD. In addition, Gwinnett County has the largest public school system in the state, making it appealing to families. With the projected population in a three-mile radius expanding 10% over the next five years, Forest Vale is supported by strong market fundamentals.

The Norcross apartment rental market posted rent growth of 6.5% in 2015. Forest Vale, with its superior location, should be able to benefit from continued area growth in the Norcross community as all of Greater Metro Atlanta realizes further economic expansion. Job announcements remain plentiful.

For more apartment complexes and garden homes for rent or sale in Atlanta, contact Trantor Realty at 1 (514) 738-7717 or view all of our Atlanta Properties.

 

Property Information

  • 254 Units | Built in 1971 | Metering Individual Gas and Electric; Central Water | Parking: 400 Spaces | Total Square Footage: 245,000 SF | Average Unit Square Footage: 965 SF | Site Acreage: 19.29 Acres | Type of Buildings: 46 One and Two Story Gardens

  • Unit features: Spacious Floor Plans | Fully Equipped Kitchens | Large Closets | Carpet And Vinyl Floors

  • Community amenities: Clubhouse | Soccer Field | Laundry Facilities | Pet Friendly | Lush Landscaping | Abundant Parking