Sold
Closed
564 Evergreen Terrace
Forest Park GA, 30297
$620,000
Sold
Closed
Multi-family
Built in 1968
TENANT OCCUPIED - PLEASE DO NOT DISTURB TENANTS. Showings will be conducted after an offer is accepted!
This property is part of a 20-unit multifamily complex strategically situated in the Forest Park neighborhood of metro Atlanta. *Three buildings are under contract. Buildings 554 and 559 are still available.* The listed price reflects the cost for each individual building. This offering includes individually deeded quadruplexes, each building housing four spacious 2-bedroom, 1-bath units, for a total of 20 units! The current owner has completed substantial upgrades, including fully renovating 15 out of 20 kitchens and bathrooms with modern finishes such as white shaker cabinets, granite countertops, SS appliances, and new flooring. Additionally, 16 out of 20 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
7512746
MLSⓇ ID
January 23, 2025
Listed
March 7, 2025
Updated
Interior Features
Total Stories
2
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.42 Acres
Lot Features
Private
Roof
Shingle
Sewer
Public Sewer
Security
None
Window
Insulated Windows
School Information
High School
Forest Park
Elementary School
Clayton - Other
Other Property Details
Taxes
$4,351
Tax Frequency
Annually
Days on Market
13
Accessibility
Accessible Doors, Accessible for Hearing-Impairment
Garage
No
Parking
Parking Lot
Parking Total
6
View
Yes
View Description
Rural
County
Clayton - GA
Water Source
Public
Waterfront Features
None
Utilities
Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
3/7/2025 | Sold | $620,000 |
2/19/2025 | Active | — |
2/7/2025 | Pending | — |
Bought with Louis Nguyen with BHGRE Metro Brokers and Listed by Erika Brown with Bolst, Inc. 404-482-2293
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Data last updated 3:37 PM UTC, 3/7/2025