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.
Active
$250,000
5066 Phillips Dr, Forest Park, GA 30297
--beds
--baths
--sqft
:
Get pre-qualified$1,845/mo
Multi Family
Built in 1940
-- sqft lot
$241,300 Zestimate®
$--/sqft
$-- HOA
What's special
Hvac systems
- 22 days |
- 64 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Israel Obregon 770-681-0703,
O. Realty, LLC
Source: GAMLS,MLS#: 10797102
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Basement: Partial
- Has fireplace: No
Property
Parking
- Total spaces: 2
- Parking features: Garage, Parking Pad
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.27 Acres
Details
- Parcel number: 13049C H005
- Special conditions: Rental
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Press Board
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Individual Meters, Sewer Connected, Water Individual Meters
Community & HOA
Community
- Features: None
- Subdivision: Sellers & Cheves
HOA
- Has HOA: No
- Services included: None
Location
- Region: Forest Park
Financial & listing details
- Tax assessed value: $164,400
- Annual tax amount: $3,346
- Date on market: 7/1/2026
- Cumulative days on market: 22 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Other
Estimated market value
$241,300
$229,000 - $253,000
$1,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $250,000 |
Source:  GAMLS #10797102 Report a problem | ||
| 7/1/2026 | Listing removed | $250,000 |
Source: GAMLS #10780018 Report a problem | ||
| 6/5/2026 | Listed for sale | $250,000+47.1% |
Source: GAMLS #10780018 Report a problem | ||
| 6/13/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 6/10/2022 | Listed for rent | $1,350 |
Source: Zillow Rental Manager Report a problem | ||
| 3/25/2022 | Sold | $170,000+3% |
Source:  FMLS GA #7005705 Report a problem | ||
| 2/27/2022 | Pending sale | $165,000 |
Source: GAMLS #10022966 Report a problem | ||
| 2/21/2022 | Listed for sale | $165,000+85.4% |
Source: GAMLS #10022966 Report a problem | ||
| 11/6/2002 | Sold | $89,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,246 +3.6% | $65,760 +5.7% |
| 2024 | $2,169 +9.6% | $62,200 +0.5% |
| 2023 | $1,979 +37.1% | $61,920 +48% |
| 2022 | $1,443 +35.4% | $41,840 +36.4% |
| 2021 | $1,066 +11% | $30,680 +12.1% |
| 2020 | $960 +9.4% | $27,358 -55.6% |
| 2019 | $878 -1% | $61,647 +147.4% |
| 2018 | $887 +38.1% | $24,916 +38.5% |
| 2017 | $642 +85.7% | $17,988 -8.6% |
| 2016 | $346 | $19,687 |
| 2015 | $346 +1.8% | -- |
| 2014 | $340 +8.2% | $18,983 |
| 2013 | $314 -1% | -- |
| 2012 | $317 -22.2% | -- |
| 2011 | $408 -3.9% | -- |
| 2010 | $424 -5.3% | -- |
| 2009 | $448 -0.5% | -- |
| 2008 | $450 +20.1% | -- |
| 2007 | $375 +115% | -- |
| 2006 | $174 -31.5% | -- |
| 2005 | $255 +24.5% | -- |
| 2003 | $205 -61.3% | -- |
| 2002 | $529 +13% | -- |
| 2001 | $468 +24.9% | -- |
| 2000 | $375 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 30297
Nearby schools
GreatSchools rating
- 4/10Lake City Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Babb Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10Forest Park High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Fountain
- Middle: Babb
- High: Forest Park
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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