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Ken Covers

ken.covers@evatlanta.com +1(404) 664-8280

$ 185,000

Est. payment -/mo

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Active Under Contract

622 W Poplar ST Griffin, GA 30224

0.38 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 10518811

HOA Y/N No

Year Built 1966

Annual Tax Amount $3,510

Tax Year 23

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 16552.8

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

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

Rooms

Basement Crawl Space

Interior

Heating Other

Cooling None, Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street

Community Features None

Utilities Available Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected

View Y/N No

Garage No

Private Pool No

Building

Faces GPS Friendly. Near the corner of S 15th and Poplar St.

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

HOA Fee Include None

Tax ID 024 02013

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

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Ken Covers

Real Estate Advisor | License ID: 215707

+1(404) 664-8280

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Ken Covers

622 W Poplar ST Griffin, GA 30224

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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622 W Poplar ST