For Sale
$3,500,000

720 Hill StForest Park, GA 30297

16-unit income property, high ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of thirteen properties comprising sixteen rental units in Forest Park, Georgia. Located at 720 Hill St, 30297, this Class C multifamily portfolio consists of ten single-family homes and three duplexes, offering a compelling value-add proposition. Currently operating at 93% occupancy, the portfolio generates a strong NOI of $203,985, with a projected NOI of $210,150. The properties boast a range of square footage from 864 to 1,600 square feet, and are priced at $218,750 per unit for a total asking price of $3,500,000. This translates to a current cap rate of 5.83% and a pro-forma cap rate of 6.00%. The portfolio is situated in a prime area of South Atlanta, poised for future development. While the properties are well-maintained with ongoing repairs, showings are contingent upon completion of due diligence. Leases will be provided during due diligence, and seller disclosures are not available. Tenant privacy must be respected

Property Details for 720 Hill St

Property type
Residential income homes
Square Feet
864 SF
Class
C
Buildings
13
Units
16

Location Insight

City
Forest Park
County
Clayton
State
Georgia
Latitude
33.622354470338
Longitude
-84.366547054627
720 Hill St, Forest Park, Georgia

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Contacts

Kendall Roberson
Kendall Roberson
Visit Broker Website

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720 Hill St, Forest Park, Georgia, 30297

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

720 Hill St
  • Kendall Roberson
    Kendall Roberson
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