For Sale
$1,050,000

712 Hill St Forest Park, GA 30297

Six-unit portfolio, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a three-building, six-unit multifamily portfolio ideally situated in Forest Park, Georgia. The property boasts a total of 864 square feet, with each unit offering two bedrooms and one bathroom in a ranch-style design. Currently operating at 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $65,250, with a pro-forma NOI projected at $70,200, reflecting a 6.21% current cap rate and a projected 6.69% pro-forma cap rate. The asking price is $1,050,000, translating to $175,000 per unit. Built in 1960, the buildings feature desirable amenities including 4-sided brick construction, central HVAC systems, in-unit laundry connections, and ample off-street and pad parking. The property sits on a sizable 0.8-acre lot (10,340 sq ft) and benefits from its convenient location near Interstate 285, I-75, downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport. The property's location within Forest Park, a thriving area of the Atlanta metro region, offers strong rental demand and significant upside potential. This value-add investment presents a compelling opportunity for immediate income generation and long-term appreciation. The property is offered fee simple.

Highlights

  • Excellent access to I-285, I-75, Downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport.
  • Six-unit multifamily portfolio built in 1960.
  • Average unit size: 850 square feet.
  • Four-sided brick construction.
  • Three-building complex.
  • Ample off-street and pad parking.

Property Details for 712 Hill St

Property type
Residential income homes
Square Feet
864 SF
Class
C
Buildings
3
Stories
1
Units
6

Location Insight

City
Forest Park
County
Clayton
State
Georgia
Latitude
33.622447095985
Longitude
-84.366845366565

FAQs

What type of property is this?
Residential income home - Six-unit portfolio, high ROI potential.
Where is the residential income home located?
The property is located at 712 Hill St Forest Park, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Excellent access to I-285, I-75, Downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport.; Six-unit multifamily portfolio built in 1960.; Average unit size: 850 square feet.
How can I contact the broker?
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712 Hill St
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