Strong 16-unit Value-Add Opportunity in Atlanta's Aerotropolis Area (Forest Park). This asset can be purchased individually or as a portfolio of 30-units in Forest Park. Over $150+ in rental upside. After executing an interior value-add business plan an investor can potentially achieve a year one CAP rate of 9%+. This asset is located 3 miles from AtlantaGÇÖs Hartsfield Jackson Airport which is the busiest airport in the world.
Sold for $850,000 on 09/02/25
Street View
$850,000
4855 College St, Forest Park, GA 30297
--beds
0baths
800sqft
MultiFamily
Built in 1957
-- sqft lot
$-- Zestimate®
$1,063/sqft
$1,113 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Interior area
- Total interior livable area: 800 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Brick
Lot
- Size: 0.70 Acres
Details
- Parcel number: 13050BE003
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Sewer In Street
- Water: Private Water
Community & neighborhood
Location
- Region: Forest Park
Other
Other facts
- Heating: Electric
- NumberOfUnitsTotal: 16
- WaterSewerExpense: 0
- MaintenanceExpense: 0
- StructureType: Multi Family
- FarmLandAreaSource: Public Record
- LotDimensionsSource: Public Records
- ConstructionMaterials: Brick 4 Sided
- WaterSource: Private Water
- Sewer: Sewer In Street
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 0
- BeastPropertySubType: Multifamily
- MlsStatus: Under Contract
- TaxAnnualAmount: 6407
- ListPriceLow: 1050000