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25-Unit Value-Add Multifamily Opportunity 3627 Forrest Park Rd SE 25 Unit Apartment Building $2,350,000 ($94,000/Unit) Atlanta, GA 30354
Investment Highlights
- Over $1,925,000 in recent capital improvements
- Spacious units with large kitchens and plenty of closet/storage space
- Close proximity to Lake Charlotte Nature Preserve
- Quiet, clean private community surrounded by single family residences
- Onsite laundry
- Easy quick access to nearby retail, I-285 and Atlanta International Airport
Executive Summary
Located in Southeast Atlanta, just minutes from nearby retail, I-285 and Atlanta International Airport, this 25-unit apartment complex is surrounded by single family residences in a beautiful, wooded setting in close proximity to Lake Charlotte Nature Preserve. Majority of units are spacious 2-bedroom units with large eat-in kitchens and plenty of closet/storage space. The property has an onsite community laundry facility and additional land in the rear of the property is that is not being utilized. All units are all electric (no gas) and have central HVAC with separate water heaters. The owner has been slowly renovating units as they become available and has completed several capital infrastructure improvements with a total cost of over $1,925,000 since purchasing, including all new exterior doors, windows, insulation, steel staircases & railings, concrete walkways, paving and some HVAC (as needed). Tremendous value-add opportunity for a new owner to complete interior renovations and realize an above market return once the property is fully stabilized.
Property Facts
| Price | $2,350,000 | Building Class | C |
| Price Per Unit | $94,000 | Lot Size | 2.01 AC |
| Sale Type | Investment | Building Size | 19,982 SF |
| No. Units | 25 | Average Occupancy | 52% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2025 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 | ||
| Price | $2,350,000 |
| Price Per Unit | $94,000 |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 19,982 SF |
| Average Occupancy | 52% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2025 |
| Opportunity Zone |
Yes |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 23 | - | 800 |
| 1+1 | 2 | - | 650 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-0001-LL-022-5 | Improvements Assessment | $1,189,040 |
| Land Assessment | $64,080 | Total Assessment | $1,253,120 |
Property Taxes
Parcel Number
14-0001-LL-022-5
Land Assessment
$64,080
Improvements Assessment
$1,189,040
Total Assessment
$1,253,120
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25-Unit Value-Add Multifamily Opportunity | 3627 Forrest Park Rd SE
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