$594,000

559 Evergreen Terrace, Forest Park, GA 30297

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon0.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

TENANT OCCUPIED - PLEASE DO NOT DISTURB TENANTS. Showings will be conducted after an offer is accepted! This property is part of a 12-unit multifamily complex strategically situated in the Forest Park neighborhood of metro Atlanta. There are 5 buildings in the complex. Four have sold. This offering includes individually deeded quadruplexes. This building has four spacious 2-bedroom, 1-bath units! The current owner has completed substantial upgrades, including fully renovating all kitchens and bathrooms with modern finishes such as white shaker cabinets, granite countertops, SS appliances, and new flooring. Additionally, all HVAC systems have been replaced, all electrical and plumbing systems have been updated, and the roofs and windows on all buildings were recently replaced. While much of the hard work has been done, this portfolio presents an opportunity for a savvy investor to add value and further enhance the remaining units. This is your chance to grow your wealth through long-term appreciation in one of the country's most dynamic markets. The Atlanta metro area is expected to double in population over the next 20 years, driving continued demand for quality rental properties like Evergreen Terrace. Positioned on a generous 2.35-acre lot, the property is centrally located just 10 minutes from Hartsfield-Jackson Atlanta International Airport and 12 minutes from Porsche Headquarters, with quick access to major highways like I-285 and I-75. Public transportation is also conveniently available, with MARTA stops within walking distance. Each building features a single water meter, and tenants pay a monthly utility fee that covers water and sewer costs, making management simple and efficient. Units offer tenant-friendly features such as in-unit washer/dryer hookups, modern designer lighting, and spacious 2-bedroom layouts. While each building is deeded individually, the seller's preference is to sell all five buildings together, presenting an investor with a rare opportunity to acquire 20 units in one transaction. The combination of thoughtful renovations, professional management, and a prime location near major employment hubs ensures strong tenant demand and consistent returns. Additionally, this property is perfectly positioned for long-term growth as the Atlanta metro continues to expand, offering excellent appreciation potential for forward-thinking investors. Contact us today to learn more and take the first step toward securing this exceptional asset. A member of the selling entity is a licensed real estate professional in the State of Georgia

Listing Status:
Active
Date Added:
March 6, 2025 at 06:00AM
Listing Office:
Bolst, Inc. : 404-482-2293
Listing Agent:
Erika Brown : 214-870-4601
MLS ID:
10472712
  • Basement: Crawl Space
  • A/C: Heat Pump
  • Heating: Central
  • Fireplace: Fireplaces: 0

This listing courtesy of Erika Brown, Bolst, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

U

Unidos Dual Language School

4475 Hendrix Dr, Forest Park, GA, 30297

Grades PK-5

0.12 miles away

F

Forest Park Middle School

930 Finley Dr, Forest Park, GA, 30297

Grades 6-8

1.11 miles away

F

Forest Park High School

5452 Phillips Dr, Forest Park, GA, 30297

Grades 9-12

2.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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