Sold
564 Evergreen Terrace
Forest Park GA, 30297
$620,000
Sold
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
10445117
MLSⓇ ID
January 23, 2025
Listed
March 5, 2025
Updated
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.42 Acres
Sewer
Public Sewer
School Information
High School
Forest Park
Elementary School
Out of Area
Other Property Details
Taxes
$4,351
Tax Frequency
Annually
Days on Market
27
Garage
Yes
Parking
Detached
Parking Total
6
View
No
County
Clayton
Water Source
Public
Utilities
Electricity Individual Meters, Sewer Connected, Underground Utilities, Water Billing Prorated
Listing History
Date | Event | Price |
---|---|---|
3/5/2025 | Sold | $620,000 |
2/19/2025 | Active | — |
2/7/2025 | Pending | — |
Bought with BHGRE Metro Brokers and Listed with Bolst, Inc.
Based on information from Georgia MLS as of 3/5/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2025 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed.
Data last updated 11:08 PM UTC, 3/5/2025