Price Reduced Listing3632 E Main Street,College Park, GA 30337
College Park, GA 30337
Description
INVESTOR OPPORTUNITY in Historic COLLEGE PARK - College Park Flats is a 5-unit multifamily asset offered at $130,000 per unit, providing an opportunity to acquire an apartment property in an established Atlanta-area submarket. The current rent roll consists of four 1-bedroom units renting at $1,020, $995, $995, and $995 per month, plus one 2-bedroom unit renting at $1,150 per month, generating $5,155 in current monthly rental income, or $61,860 annually. The property features separately metered electric, public water/sewer, six parking spaces, and a two-story building originally constructed in 1940 and renovated in 2025. Investors can add rental-rate growth, exterior improvements, on-site laundry, and parking-area enhancements. Conveniently located near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, Gateway Center Arena, and major transportation corridors. An opportunity to acquire, improve, and operate a 5-unit multifamily asset with multiple avenues for potential income growth. Contact the listing broker for financials, due diligence materials, and showing instructions.
Details
| MLS # | 7841106 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 51 |
| Listing Provided By | Chapman Hall Realty | Glenn Booker |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Acreage | 0.20 |
| Water Front | Yes |
| Property View | City |
Interior
| Cooling | Ceiling Fan(s), Ductless, Multi Units, Window Unit(s) |
|---|---|
| Heating | Ductless |
| Window Features | None |
Exterior
| Accessibility Features | Accessible Bedroom, Accessible Closets, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances |
|---|---|
| Lot Features | Other |
| Construction Materials | Other |
| Roof | Other |
| Fencing | None |
| Waterfront Features | None |
| Security Features | None |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 6186 |
|---|---|
| Tax Legal Description | 14-0161-0003-016-9 |
| Tax Parcel Letter | 14-0161-0003-016-9 |
| Tax Year | 2024 |
Location
| Community Features | Other |
|---|
Area Information
| State | GA |
|---|---|
| County | Fulton GA |
| City | College Park |
| Zip Code | 30337 |
| Area | Fulton GA |
| Community Name | N/A |
| School District | Tri-Cities |
| Elementary School | Hapeville |
| High School | Tri-Cities |
| Listing VS Median (in N/A) | |
Price: $599,000 low | high Med: $325,000 On site: 51 low | high Med: 16 | |
Market Activity 30337
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton GA |
| City | College Park |
| Zip Code | 30337 |
| Area | Fulton GA |
| Community Name | N/A |
| School District | Tri-Cities |
| Elementary School | Hapeville |
| High School | Tri-Cities |
| Listing VS Median (in N/A) | |
Price: $599,000 low | high Med: $325,000 On site: 51 low | high Med: 16 | |
