31 Units/Houses-Rentals

Griffin , GA 30223

MLS#: 9058498

$2,050,000

Status: Closed
Listing number: 9058498
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

1960

Sq.Footage

N/A

31 Unit Investment Rental Property Package. All in Griffin/Spalding County. Completely rented and cash flowing. Professionally Managed: Properties in Package-2 Park Ave, 18 6th St, 102 Grady St, 104 Grady St, 108 Grady St, 121 W Chappell St, 130 Peachtree St, 135 Lang St, 219 Morris St, 237 Kentucky Ave, 314 Hammond Dr, 322 Hammond Dr, 405/407 E Central Ave (duplex), 409/411 E Central Ave (duplex), 413/415 E Central Ave (duplex), 522 W Slaton Ave, 530 Orange St, 646 Garrett St, 720 English St, 722 English St, 901 Ray St, 1026 High Falls Rd, 411 N 4th St, 424 N 9th St, 526 N 8th St, 219 N 16th St, 1221 W Broad St, 543 N 12th St.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,050,000

  • Tax Amount

    11934.98

  • 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

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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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31 Unit Investment Rental Property Package. All in Griffin/Spalding County. Completely rented and cash flowing. Professionally Managed: Properties in Package-2 Park Ave, 18 6th St, 102 Grady St, 104 Grady St, 108 Grady St, 121 W Chappell St, 130 Peachtree St, 135 Lang St, 219 Morris St, 237 Kentucky Ave, 314 Hammond Dr, 322 Hammond Dr, 405/407 E Central Ave (duplex), 409/411 E Central Ave (duplex), 413/415 E Central Ave (duplex), 522 W Slaton Ave, 530 Orange St, 646 Garrett St, 720 English St, 722 English St, 901 Ray St, 1026 High Falls Rd, 411 N 4th St, 424 N 9th St, 526 N 8th St, 219 N 16th St, 1221 W Broad St, 543 N 12th St.

31 Units/Houses-Rentals

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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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