712 Hill St Forest Park, GA 30297
- Residential income homes
- 864 SF
Current Use by Public Records
- Residential income homes
Property Details for 712 Hill St
- Property size
- 864 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3668
- Latitude
- 33.6224
