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5002 Park Avenue

Forest Park, GA 30297
  • $520,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: 10647483
Under Contract
$520,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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.

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Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Coldwell Banker Southern Coast are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Coldwell Banker Southern Coast. Data last updated: 2025-12-10T00:09:49.983.
www.cbsoutherncoast.com/homes/170371383
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5002 Park Avenue Forest Park, GA 30297

  • Price: $520,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • MLS #: 10647483
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1947
Built
Neighborhood:
None
County:
Clayton
Area:
Forest Park
Elementary School:
Other
Middle School:
Other
High School:
Other
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Vinyl Siding Foundation Details Slab Garage YN No Levels One Lot Size Area 9583.2 Lot Size Source Public Records Lot Size Units Square Feet Parking Features None Parking Total 0

Interior Features

Above Grade Finished Area Units Square Feet Basement None Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee 0 Association Fee Includes None Association YN No Community Features None Gross Income 4650 Listing Terms 1031 ExchangeCashConventionalFHAVA Loan New Construction YN No Property Condition Resale Property Sub Type Multi FamilyQuadruplex Sewer Public Sewer Special Listing Conditions Investor Owned Structure Type Quadruplex Tax Annual Amount 6110 Tax Year 2024 Utilities Other Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of Keller Williams Realty: 404-541-3500. © 2025 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Coldwell Banker Southern Coast are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Coldwell Banker Southern Coast. Data last updated: 2025-12-10T00:09:49.983.
 
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Coldwell Banker Southern Coast
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Hinesville GA, 31313