5002 Park AVE Save Request In-Person Tour Request Virtual Tour
Forest Park,GA 30297
Key Details
Property Type Multi-Family
Sub Type Multi Family,Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 10647483
Year Built 1947
Annual Tax Amount $6,110
Tax Year 2024
Lot Size 9,583 Sqft
Property Sub-Type Multi Family,Quadruplex
Property Description
Exceptional Forest Park investment opportunity featuring a triplex plus a detached 1BR/1BA cottage on a corner lot, offering strong rental income and immediate upside. The triplex comprises two two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Unit B features recent updates, including a refreshed kitchen, updated flooring, and a Jack-and-Jill layout. Unit A also boasts an updated kitchen, flooring, and bathroom. The detached cottage received a full HVAC upgrade in 2022. Major improvements include a newer roof and siding (approx. 2018), all triplex AC units replaced in 2020, multiple newer furnaces, new windows (2020), and a new sliding door in Unit B. Current income is $4,650/month with two tenants on month-to-month leases, providing flexibility for repositioning or owner occupancy. Conveniently located near downtown Forest Park, I-75, and Hartsfield-Jackson Airport, this property is ideal for investors or house hackers seeking a well-maintained multi-unit with strong cash flow and future potential.
Location
State GA
County Clayton
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features None
Community Features None
Utilities Available Other
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition Resale