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Jeff Kirves

jeff.kirves@yahoo.com +1(770) 317-6401

$ 625,000

Est. payment -/mo

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Active Under Contract

564 Evergreen TER Forest Park, GA 30297

0.42 Acres Lot

UPDATED:

02/07/2025 11:53 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Springwoods

MLS Listing ID 10445117

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1968

Annual Tax Amount $4,351

Tax Year 2024

Lot Size 0.420 Acres

Acres 0.42

Lot Dimensions 18295.2

Property Sub-Type Multi Family,Quadruplex

Property Description

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. 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

Rooms

Basement Crawl Space

Interior

Heating Central

Cooling Heat Pump

Fireplace No

Exterior

Parking Features Detached

Garage Spaces 6.0

Community Features Sidewalks, Street Lights

Utilities Available Electricity Individual Meters, Sewer Connected, Underground Utilities, Water Billing Prorated

View Y/N No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Faces Use GPS

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Out Of Area

Middle Schools Forest Park

High Schools Forest Park

Others

HOA Fee Include None

Tax ID 13019D F002

Special Listing Condition Updated/Remodeled

Jeff Kirves

Broker | License ID: 294432

+1(770) 317-6401

Jeff Kirves

564 Evergreen TER Forest Park, GA 30297

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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