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5066 Phillips Drive

Forest Park GA 30297

2
0.27 ac.
Single-Family
Currently for sale - view listing

Overview

Discover a rare opportunity to acquire a fully stabilized 10-property single-family rental portfolio strategically located throughout South Atlanta and North Clayton County. This professionally managed portfolio offers immediate cash flow with an in-place 6.92% cap rate and approximately $202,000 in annual NOI. Each property has undergone extensive renovations, including roofs, HVAC systems, electrical, plumbing, kitchens, bathrooms, flooring, and other major capital improvements, significantly reducing near-term maintenance exposure. Assets are geographically concentrated within two efficient operational clusters, creating economies of scale and streamlined management. Ideal for institutional buyers, family offices, 1031 exchange investors, and portfolio operators seeking stabilized income-producing assets in high-demand rental submarkets. Complete offering memorandum, financials, and data room available upon request. Portfolio Sale Only. This property is one of ten income-producing rental assets offered as part of a bulk portfolio acquisition. Individual sales are not available.

Features

2 carspaces
2 garage spaces
0.27 ac. lot size
Single-Family

Property history for 5066 Phillips Drive

2022
Sold
$170,000
25 Mar 2022 by Mark Spain, of Mark Spain Real Estate

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 single-family properties in Forest Park

In the last 12 months, 162 single-family properties similar to 5066 Phillips Drive, have been sold.

This represents a 29% increase in single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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