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4663-4771 Waldrop Dr Forest Park, GA 30297

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For Sale
$12,950,000

136-unit multifamily property in a high-growth area near Atlanta.

Building Details

Year built
1965

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Listing Contact
Andy Lundsberg
Andy Lundsberg
Source: Bullrealty

Listing Agent: Andy Lundsberg

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Value-Add Multifamily Opportunity

This multifamily property features 136 units and presents a value-add opportunity. The property is well-located within walking distance of retail, schools, and a park. It offers convenient access to I-75/I-85 and I-285, placing it in close proximity to the Atlanta Hartsfield International Airport and within minutes of Downtown Atlanta. Situated in an up-and-coming neighborhood experiencing strong rental demand, the property has completed exteriors and approximately 65% of interior renovations. This allows a new owner to realize significant value by completing the remaining interior work. Tenant amenities include an on-site leasing office, a gated in-ground pool, and a gated playground area.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Forest Park
County
Clayton
State
Georgia
Longitude
-84.365613
Latitude
33.6269386

FAQs

What type of property is this?
Apartment building - 136-unit multifamily property in a high-growth area near Atlanta.
Where is this apartment building located?
The property is located at 4663-4771 Waldrop Dr Forest Park, GA.
What is the asking price?
The asking price for this property is $12,950,000.
What are key features of this property?
This property features: - Value-Add Potential: Significant opportunity to increase value by completing interior renovations on approximately 35% of the units.; - Well Located Asset: Walking distance to retail, schools, and a park, with easy access to major interstates and close proximity to Atlanta Hartsfield International Airport and Downtown Atlanta.; - Majority of Heavy Lifting Complete: Exteriors are completed and approximately 65% of interior renovations are finished.
More about this property
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