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5066 Phillips Drive Forest Park, GA $ 250,000
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5066 Phillips Drive
$ 250,000
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5066 Phillips Drive

Forest Park, GA, 30297
$ 250,000
Baths0.0

Monthly Estimate*

$ 1,539

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Studio

Multi-Family Home for sale in Forest Park, GA

for $250,000. This home was built in 1940 on a lot size of 0.27.

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.

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Multi-Family Active

Price

$ 250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,346

Style

Lot Size

0.27

Year Built

1940

Town/City

Forest Park

County/Region

Clayton

MLS | Web ID

10780018
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Individual Meters Sewer Connected Water Individual Meters
Association Fee Includes None
Construction Materials Press Board
Year Built 1940
Levels One
Property Subtype Multi Family
Tax Year 25
Community Features None
County Clayton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name Sellers & Cheves
Garage Y/N true
Status New
Directions GPS
High School Forest Park
City Forest Park
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 11761.2
Carport Y/N false
Elementary School Fountain
Tax Annual Amount 3346.86
Middle/Junior High School Babb
Property Condition Updated/Remodeled
Structure Type House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement Partial
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Garage Parking Pad
Water Source Public
Total Parking 2
Lot Size Area 11761.2
Lot Size Acres 0.27
Lot Size Source Public Records
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* Excluded Features
List By
O. Realty, Llc

Broker

orealty@orealtyllc.com

Email

Affordability Calculator

$1,818
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4135506 Elementary School
4133682 Middle School
Forest Park High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/5/2026$250,000 Listed Price

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5066 Phillips Drive, Forest Park, GA, 30297 is a Multi-Family Home for sale at $250,000 with a lot size of 0.27. 5066 Phillips Drive is a studio with 0.0 baths and was built in 1940. The property's zip code is 30297 which is in Forest Park, GA

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