5002 Park AVE Pending Save Request In-Person Tour Request Virtual Tour
Forest Park,GA 30297
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 7682129
Year Built 1947
Annual Tax Amount $6,110
Tax Year 2024
Lot Size 9,591 Sqft
Property Sub-Type 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
Area None
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features None
Fence None
Community Features None
Utilities Available None
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition,Shingle
Building
Lot Description Corner Lot
Story One
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Clayton - Other
Middle Schools Clayton - Other
High Schools Clayton - Other
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA