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Jennifer Talbott

jen@1look.com +1(678) 365-3607

$ 500,000

Est. payment -/mo

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Price Dropped by $20K

5002 Park AVE Forest Park, GA 30297

9,591 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 7682129

Construction Status Resale

HOA Y/N No

Year Built 1947

Annual Tax Amount $6,110

Tax Year 2024

Lot Size 9,591 Sqft

Acres 0.2202

Property Sub-Type Triplex

Source First Multiple Listing Service

Property Description

Exceptional Forest Park investment opportunity featuring a triplex plus a detached 1BR/1BA cottage on a corner lot, offering high 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. The property generates $4,650/month, 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.

Location

State GA

County Clayton

Area None

Lake Name None

Interior

Heating Central

Cooling Central Air

Window Features None

Exterior

Parking Features None

Fence None

Community Features None

Utilities Available None

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition,Shingle

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Corner Lot

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Vinyl Siding

Construction Status Resale

Schools

Elementary Schools Clayton - Other

Middle Schools Clayton - Other

High Schools Clayton - Other

Others

Senior Community no

Tax ID 13050D J001

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Listed by Keller Williams Realty Intown ATL

SCHOOLSPROPERTIES

Elementary Schools 15

5

Riverdale Elementary School

Public | PK - 5
5

Fountain Elementary School

Public | PK - 5
5

Unidos Dual Language Charter School

Public | KG - 8
5

Lake City Elementary School

Public | PK - 5
5

Haynie Elementary School

Public | KG - 5
5

Morrow Elementary School

Public | PK - 5
5

McGarrah Elementary School

Public | PK - 5
4

Edmonds Elementary School

Public | PK - 5
4

Anderson Elementary School

Public | PK - 5
3

Hapeville Elementary

Public | PK - 5
3

Heritage Academy Elementary

Public | PK - 5
3

Huie Elementary School

Public | PK - 5
0

Scholars Academy Charter School

Public | KG - 5
0

St John the Evangelist School

Private | PK - 8
0

Atlanta Adventist International School

Private | KG - 7

Middle Schools 4

6

Babb Middle School

Public | 6 - 8
5

Morrow Middle School

Public | 6 - 8
2

Forest Park Middle School

Public | 6 - 8
0

Owens Christian Preparatory Academy

Private | 6 - 11

High Schools 3

4

Charles R. Drew High School

Public | 9 - 12
1

Forest Park High School

Public | 9 - 12
0

Forest Park Street School

Private | 9 - 12

School and business data provided by Attom Data.

Jennifer Talbott

Broker

+1(678) 365-3607

Jennifer Talbott

5002 Park AVE Forest Park, GA 30297

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5002 Park AVE