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25-Unit Value-Add Multifamily Opportunity 3627 Forrest Park Rd SE 25 Unit Apartment Building $3,273,174 CAD ($130,927 CAD/Unit) Atlanta, GA 30354
Investment Highlights
- Over $525,000 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 $525,000 since purchasing. 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 | $3,273,174 CAD | Building Class | C |
| Price Per Unit | $130,927 CAD | Lot Size | 2.01 AC |
| Sale Type | Investment | Building Size | 19,982 SF |
| No. Units | 25 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2025 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R4 | ||
| Price | $3,273,174 CAD |
| Price Per Unit | $130,927 CAD |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 19,982 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2025 |
| Opportunity Zone |
Yes |
| Zoning | R4 |
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 | $1,642,302 CAD |
| Land Assessment | $88,507 CAD | Total Assessment | $1,730,809 CAD |
Property Taxes
Parcel Number
14-0001-LL-022-5
Land Assessment
$88,507 CAD
Improvements Assessment
$1,642,302 CAD
Total Assessment
$1,730,809 CAD
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25-Unit Value-Add Multifamily Opportunity | 3627 Forrest Park Rd SE
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