554 Evergreen Terrace
Forest Park, GA 30297
 Status: Active
 MLS Number: 6041112
 Price: $1,092,500
 County: Clayton
 Type: Multi-Dwelling Units
 Year Built: 1970
 Acreage: 0.0000
 Subdivision: Springwoods
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Buy the block! This is a 20 unit pacakage deal --5 Quads. Properties are professional managed and landscaped. All of the 4-plexes are located on the same street. Rents are currently below market rate. Properties are low maintenance brick, all electric (tenants pays for power), and owner pays water. Properties can be easily submetered. Very close to airport. Also the airport is planning to install new windows, doors and exhaust fans in each unit by the end of the year as a part of their noise abatement program. Priced at ~9% Cap Rate. Gross Income ~ $ 140

Heading southeast on Jonesboro Rd turn right onto Conely Rd, Turn left onto Gilbert Pl, Turn left onto Hendrix Dr, Turn Right onto Evergreen Terrace, Property is on the right.
Elementary School:  Brown - Clayton
Middle School:Forest Park
High School:Forest Park
School District:

Boathouse: None
Construction Desc: Brick 4 Sides
Disability Access: None
Dock: None
Energy Features: None
Gross Income: 1905
Heat Type: None
Lake Name: None
Land/Lot: 0013
Lot Description: Level, Level Driveway
Lot Dimensions: 96x205x96x204
Lot Size: 1 Up To 2 Acres
Neighborhood: Near Marta, Public Transportation
Num Units: 20
Parking Desc: 2 Spaces Per Unt, Driveway
Roof Type: Composition
Section: --
Setting: Other
Sewer Desc: Public Sewer
Special Circumstances: Investor Owned, Owner Will Consider Exchange
Tax Amount: 6896
Tax Year: 2017
Water Source: Public Water

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Listing updated 7/25/2018 6:22:09 AM