Forest Creek Apartments at 4663 Waldrop Drive provides a value-add multifamily opportunity with a fantastic location in the Forest Park suburb of Atlanta, Georgia. Comprising a total of 137 units, the community presents a turnkey investment that offers a 9% proforma cap rate with 18% proforma cash-on-cash return. Forest Creek spans a total of 121,575 square feet across 20 buildings originally built in 1965 on 7.8 acres. The complex offers an on-site leasing office, a gated in-ground pool, and a gated playground area. The property has undergone significant renovations, with exterior work completed and approximately 65% of the unit interiors updated. There is substantial value-add upside for a new owner to complete the remaining work and increase the occupancy and revenue of the community. This well-located asset is placed in walking distance to nearby retail amenities, highly rated schools and scenic public parks. The prime location enjoys convenient proximity to Atlanta Hartsfield International Airport with easy access to Interstate 75/85 and Interstate 285. Within ten minutes of Forest Creek, there is a wealth of national retail locations, including brands such as Chick-fil-A, KFC, Little Caesars Pizza, CVS, O’Reilly Auto Parts, Walmart Supercenter, The Home Depot, and many more. Robust tenant demand is driven to Forest Creek thanks to proximity to large employment centers, including critical distribution centers for Amazon, Kroger, JCPenney, The Clorox Company, and O’Reilly Auto Parts. A growing population of more than 156,000 within 3 miles of the property demonstrates the growing demand for quality accommodation in the area, with over 62% of these locals currently renting their homes. More than $1.3 billion in consumer spending was delivered by the population during 2024, and household segment spending totaled more than $195 million. Discover a performing multifamily investment with considerable growth potential and a prime location with fantastic amenity and highway access with the Forest Creek apartment community.