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

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