564 Evergreen TER Forest Park, GA 30297
0.42 Acres Lot
UPDATED:
01/29/2025 07:59 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Springwoods
MLS Listing ID 7512746
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1968
Annual Tax Amount $4,351
Tax Year 2024
Lot Size 0.420 Acres
Acres 0.42
Property Description
This property is part of a 20-unit multifamily complex strategically situated in the Forest Park neighborhood of metro Atlanta. Seller prefers to sell buildings 554, 574, 573, and 559 along with building 564. The listed price reflects the cost for each individual building. This offering includes five 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
Location
State GA
County Clayton
Lake Name None
Interior
Heating Central
Cooling Heat Pump
Flooring Carpet, Vinyl
Window Features Insulated Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Public Transport, Near Schools, Street Lights
Utilities Available Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Rural
Roof Type Shingle
Accessibility Accessible Doors, Accessible for Hearing-Impairment
Handicap Access Accessible Doors, Accessible for Hearing-Impairment
Total Parking Spaces 6
Private Pool false
Building
Lot Description Private
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Clayton - Other
Middle Schools Forest Park
High Schools Forest Park
Others
Senior Community no
Tax ID 13019D F002
Special Listing Condition Real Estate Owned
