622 W Poplar ST Save Request In-Person Tour Request Virtual Tour
Griffin,GA 30224
Key Details
Property Type Multi-Family
Sub Type Multi Family,Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 10518811
Year Built 1966
Annual Tax Amount $3,510
Tax Year 23
Lot Size 0.380 Acres
Property Sub-Type Multi Family,Quadruplex
Property Description
Exceptional Value-Add Multifamily Investment Opportunity... We're excited to present this rare 4-unit multifamily property with a separate storage building that once was a 5th unit. located in a prime, high-demand area just off the town's main thoroughfare. Currently, all 4 units are rented, generating $3,125/month in rental income. A potential 5th unit, if leased, is projected to bring in an additional $750/month-pushing total potential income to $3,875/month. The owner pays utilities for the 4 units in the main building. This property offers significant upside potential. While the building and a few units need improvements, the asking price reflects these needed renovations, making it a strong value-add play. With strategic upgrades, there's ample opportunity to increase rents and reposition this property into a high-performing income asset. Ideally situated within walking distance to restaurants, shops, and amenities, the location enhances tenant demand and long-term investment appeal. Key Highlights: 4-unit multifamily in a prime location $3,125/month current income with upside to $3,875+. Strong rental demand area near town center. Below-market asking price due to renovation needs. Significant potential for rent increases and appreciation. Please note: Do not disturb tenants. Showings available only with an executed contract.
Location
State GA
County Spalding
Interior
Heating Other
Cooling None,Window Unit(s)
Exterior
Parking Features Off Street
Community Features None
Utilities Available Electricity Billing Prorated,Gas Billing Prorated,Sewer Connected
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Wood Siding
New Construction No
Schools
Elementary Schools Anne Street
Middle Schools Rehoboth Road
High Schools Griffin
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Resale