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5002 Park Ave

Forest Park GA 30297

0.22 ac.
Duplex
Currently for sale - view listing

Overview

Exceptional investment opportunity just minutes from the airport featuring a triplex plus a detached 1BR 1 BA cottage on a corner lot with strong cash flow and upside potential. The property includes two 2BR 1BA units, one 1BR 1BA unit, and a detached 1BR 1BA cottage, currently generating approximately $4,200/month in rental income. Major updates include a newer roof and siding (approx. 2018), new windows (2020), updated HVAC systems, multiple updated furnaces, and renovated interiors in select units. The detached cottage received a full HVAC upgrade in 2022. Conveniently located minutes from Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and I-75, this is an ideal opportunity for investors seeking stable rental income, multiple revenue streams, and long-term growth potential.

Features

0.22 ac. lot size
Duplex

Property history for 5002 Park Ave

2021
Sold
$265,000
04 Feb 2021 by Jason Schneeberger, of Citiside Properties LLC
2018
Sold
Undisclosed
06 Feb 2018
2014
Sold
$73,500
09 Jun 2014 by SANDRA BRAY, of Maximum One Realty Greater Atl

Happy sellers in Forest Park

<50%
Less than 50% of sellers in Forest Park reported that their sale price either exceeded or met their price expectations.

Forest Park stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Forest Park over the last 12 months.

Local market activity for duplexes in Forest Park

In the last 12 months, 3 duplexes similar to 5002 Park Ave, have been sold.

This represents a 67% increase in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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