0 22 units Package UNIT

Griffin , GA 30223

MLS#: 8965637

$1,975,000

Status: Closed
Listing number: 8965637
Listing provided by: None
Listing agent phone: None
Last update: 2 years ago
On site: 4 years ago
Browse Properties
None - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

N/A

Exceptional Investment Opportunity! 22 unit rental property package in prime condition. All rented and cash flowing. Many long term tenants. Units well maintained with no deferred maintenance. Total Monthly income is $18,970. Room to raise rent at renewals. Units have been professionally managed with leases and tenant ledgers available for review in due diligence. Please do not disturb tenants. Call agent with any questions.----Professional Property Management is available for this package. Properties in Package: 118 Quincy Ave A-D (quadplex) , 104 Quincy Ave, 106 Quincy Ave, 129 Realty St, 133 Realty St, 137 Realty St, 717 Lane St, 721 Lane St, 725 Lane St, 729 Lane St, 816 Lane St, 819 Lane St, 832 Lane St, 836 Lane St, 802 N 9th St, 806 N 9th St, 814 N 9th St, 1340 N 9th St, 58 Dundee Lake Circle,

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Electric, Central Air

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,975,000

  • Tax Amount

    8628.81

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Atkinson

  • Middle School

    A Z Kelsey

  • High School

    Griffin

Property Features

  • Stories

    1

  • Sewer

    Septic Tank

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Location

County

Spalding

Elementary School

Atkinson

Middle School

A Z Kelsey

High School

Griffin

Listing Courtesy of None

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Exceptional Investment Opportunity! 22 unit rental property package in prime condition. All rented and cash flowing. Many long term tenants. Units well maintained with no deferred maintenance. Total Monthly income is $18,970. Room to raise rent at renewals. Units have been professionally managed with leases and tenant ledgers available for review in due diligence. Please do not disturb tenants. Call agent with any questions.----Professional Property Management is available for this package. Properties in Package: 118 Quincy Ave A-D (quadplex) , 104 Quincy Ave, 106 Quincy Ave, 129 Realty St, 133 Realty St, 137 Realty St, 717 Lane St, 721 Lane St, 725 Lane St, 729 Lane St, 816 Lane St, 819 Lane St, 832 Lane St, 836 Lane St, 802 N 9th St, 806 N 9th St, 814 N 9th St, 1340 N 9th St, 58 Dundee Lake Circle,

0 22 units Package UNIT

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Related Properties

***See Documents for Inventory List------- Offered as a single package, this 32-unit C-class portfolio in the Griffin submarket presents a ground-floor value-add opportunity. The portfolio is bank-owned and currently producing limited cash flow (11 occupied units). Twenty-one units are currently vacant and will require municipal re-inspection prior to utility restoration.-------- This opportunity delivers value add and immediate upside through a focused rehab and lease-up strategy: 11 units currently producing $7350 monthly income and the remainder positioned for efficient turnover and increased rents. The package's scale reduces per-door rehab and management cost versus single-asset acquisitions, making it ideal for an operator seeking quick stabilization and cash-flow improvement.------- The portfolio spans a range of conditions, from turnkey homes that require minimal attention to properties in need of substantial capital expenditures. Many units fall in the middle, allowing an investor to take a phased approach to renovations and value-add improvements. By implementing strategic upgrades such as modernized interiors, improved landscaping, and energy-efficient features, the next owner can not only increase rents but also attract high-quality tenants and reduce vacancy rates. The offering is intentionally structured to attract hands-on investors who can convert cosmetic and systems upgrades into higher rents and increased valuation.------- Griffin, GA is poised right between Atlanta, GA and Macon Ga only 40 miles from each right along the I-75 Corridor. Griffin has been experiencing exciting growth as the last available area, relatively undeveloped in the larger metro Atlanta area. There is a newly constructed industrial park fully occupied. Large developments are ongoing on the interstate right outside of town, a new airport is in the final stages before starting construction, and our residential market is seeing an aggressive appreciation and expansion. Economically, we are seeing growth in all segments of the local economy. Griffin maintains the small town feel, attracting a variety of people and businesses while providing the location and infrastructure to become a true metro Atlanta market.------ Parcel Number (Spalding County)- Year Built -Building Address-Unit Name- City State Zip -Type Status------ 057 02004 1920 1026 W Broad St Griffin GA 30223 House Vacant 003C03061 1957 106 Riley Cir Griffin GA 30223 House Occupied 003C03061 1978 108 Riley Cir Griffin GA 30223 House Occupied 0302007 1945 117 Kentucky Ave Griffin GA 30223 House Vacant 002 15002A 1953 122 Realty Street Griffin GA 30223 Duplex Vacant 002 15002A 1953 124 Realty Street Griffin GA 30223 Duplex Occupied 06104016 1959 1321 Drewery Ave. Apt. A Griffin GA 30223 Duplex Occupied 06104016 19591321 Drewery Ave. Apt. B Griffin GA 30223 Duplex Vacant 061 05009 N/A 1328 Drewery Ave VACANT LOT Griffin GA 30223 VACANT LOT N/A 061 05008 N/A 1332 Drewery Ave VACANT LOT Griffin GA 30223 VACANT LOT N/A 06105006 1959 1340 Drewery Ave Apt. A Griffin GA 30223 Duplex Vacant 06105006 1959 1340 Drewery Ave Apt. B Griffin GA 30223 Duplex Occupied 06105006A 1959 1342 Drewery Ave Apt. A Griffin GA 30223 Duplex Vacant 06105006A 1959 1342 Drewery Ave Apt. B Griffin GA 30223 Duplex Vacant 064 01005 N/A 1431 Experiment St VACANT LOT Griffin GA 30223 VACANT LOT N/A 00705036A 1963 212 Austin St Griffin GA 30223 House Vacant 010 02023 1960 232 N 15th St Griffin GA 30223 House Occupied 00607022A 1956 420 N 3rd St Griffin GA 30223 House Occupied 00607022A 1957 422 N 3rd St Griffin GA 30223 House Vacant 008 01042 1950 448 New 10th St St Griffin GA 30223 House Occupied 00607026 1955 502 N 3rd St Griffin GA 30223 House Vacant 00705009 1964 513 Clifton Dr Griffin GA 30223 House Vacant 00705007 1962 517 Clifton Dr Griffin GA 30223 House Vacant 00705006 1962 519 Clifton Dr Griffin GA 30223 House Occupied
#10606264

Griffin

32 UNIT MUTLIPLE LOCATIONS Multiple

None Beds

None Baths

N/A

$2,250,000

MLS#: 10606264

- property

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