Engel & Völkers Atlanta

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$ 590,000

$ 599,000 1.5%

Est. payment -/mo

Sold on 03/24/2025

574 Evergreen TER Forest Park, GA 30297

Name: Open House - 3PM-5PM
Start: 2025-04-06T15:00:00.000Z
End: 2025-04-06T17:00:00.000Z
Location: 955 Bouldercrest DR SE, Atlanta, GA 30316

0.42 Acres Lot

UPDATED:

Key Details

Sold Price $590,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Springwoods

MLS Listing ID 7535423

Year Built 1968

Annual Tax Amount $4,351

Tax Year 2024

Lot Size 0.420 Acres

Property Sub-Type Quadruplex

Property Description

PLEASE DO NOT DISTURB SURROUNDING TENANTS. Showings will be conducted after an offer is accepted!

This property is part of a 12-unit multifamily complex strategically situated in the Forest Park neighborhood of metro Atlanta. There are 5 buildings in the complex. Two have been sold. Buildings 554,559 and 574 are still available. The seller prefers to sell the remaining three together. This offering includes individually deeded quadruplexes, each building housing four spacious 2-bedroom, 1-bath units, for a total of 12 units! The current owner has completed substantial upgrades, including fully renovating all kitchens and bathrooms with modern finishes such as white shaker cabinets, granite countertops, SS appliances, and new flooring. Additionally, all HVAC systems have been replaced, all electrical and plumbing systems have been updated, and the roofs and windows on all buildings were recently replaced. While much of the hard work has been done, this portfolio presents an opportunity for a savvy investor to add value and further enhance the remaining units.

This is your chance to grow your wealth through long-term appreciation in one of the country's most dynamic markets. The Atlanta metro area is expected to double in population over the next 20 years, driving continued demand for quality rental properties like Evergreen Terrace. Positioned on a generous 2.35-acre lot, the property is centrally located just 10 minutes from Hartsfield-Jackson Atlanta International Airport and 12 minutes from Porsche Headquarters, with quick access to major highways like I-285 and I-75. Public transportation is also conveniently available, with MARTA stops within walking distance. Each building features a single water meter, and tenants pay a monthly utility fee that covers water and sewer costs, making management simple and efficient. Units offer tenant-friendly features such as in-unit washer/dryer hookups, modern designer lighting, and spacious 2-bedroom layouts. While each building is deeded individually, the seller's preference is to sell all five buildings together, presenting an investor with a rare opportunity to acquire 20 units in one transaction. The combination of thoughtful renovations, professional management, and a prime location near major employment hubs ensures strong tenant demand and consistent returns. Additionally, this property is perfectly positioned for long-term growth as the Atlanta metro continues to expand, offering excellent appreciation potential for forward-thinking investors.

Contact us today to learn more and take the first step toward securing this exceptional asset. A member of the selling entity is a licensed real estate professional in the State of Georgia