GA > Forest Park
Forest Park, GA 30297,5002 Park AVE
Forest Park, GA 30297,5002 Park AVE
Forest Park, GA 30297,5002 Park AVE
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$520,000
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9,591 Sqft Lot
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5002 Park AVE Forest Park, GA 30297

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Donna Richardson

Donna Richardson

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7682129

Construction Status Resale

HOA Y/N No

Year Built 1947

Annual Tax Amount $6,110

Tax Year 2024

Lot Size 9,591 Sqft

Acres 0.2202

Property Sub-Type Quadruplex

Source First Multiple Listing Service

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

Lake Name None

Interior

Heating Central

Cooling Central Air

Window Features None

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

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Corner Lot

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Vinyl Siding

Construction Status Resale

Schools

Elementary Schools Clayton - Other

Middle Schools Clayton - Other

High Schools Clayton - Other

Others

Senior Community no

Tax ID 13050D J001

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Intown ATL

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Donna Richardson

Donna Richardson

Agent | License ID: 448672

+1(888) 408-6286

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5002 Park AVE