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Street View
$250,000
Monthly Est:$1,244
-- Bed
- -- Bath
--sqft
5066 Phillips Dr, Forest Park, GA 30297
$250,000
$1,244/moEst:
Get Pre-Approved
Multi Family
Built in 1940
$-- HOA
11,761.2 sqft lot
--/sqft
Description
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.
- Houzeo last checked: 58 minutes ago
- Listing updated: September 28, 2026 at 9:38 pm
- Listing Provided by: | O. Realty, LLC (323) 829-9217
- Source: Georgia MLS-GA | MLS#: 10840639

Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
- sqft
Lot Size
11,761.2 sqft lot
Basement Area
- sqft
MLS Name
Georgia MLS
MLS Number
10840639
MLS Status
Active
Days on Market
55
Cumulative Days on Market
24

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
Central Air
Heating
Central
Sewer
Public Sewer
Construction
Year Built
Year Built: 1940
Home type
Multi Family
Property Condition
Updated/remodeled
Construction Materials
Press Board
Utilities & Energy
Basement
Partial
Parking Features
Garage, Parking Pad
Water Source
Public
Utilities
Electricity Individual Meters, Sewer Connected, Water Individual Meters
Other Features
Subdivision Name
Sellers & Cheves
Community Features
None
Price History
| Date | Event | Price |
|---|---|---|
09/04/2026 Source: | Listed for Sale | $250,000 $0/sqft |
07/31/2026 Source: | Off Market | $250,000 +47.06% $0/sqft |
03/29/2022 Source: | Sold | $170,000 $0/sqft |
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