32-Unit Value-Add Portfolio, Griffin,
32 UNIT MUTLIPL Multiple, Griffin, GA 30223
- Added:
- Sep 12, 2025
- Days on Market:
- 264
- Last Refresh:
- Jun 2 at 3:06 am
Property Features for 32 UNIT MUTLIPL Multiple
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Pending
- APN
- 003C03061
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 32
Listing agent Jared Cordova License #369397 (678) 458-9418
Listing office Keller Williams Southern Premier RE 416 E Taylor St, Griffin, GA (770) 228-7653
Listing date Sep 12, 2025
MLS# 10606264
Listing URL
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HighLights
- Value‑add opportunity: 32‑unit portfolio with 21 vacant units allows for significant rental income increase through strategic renovations and lease‑up.
- Scalable rehab and management: Portfolio size reduces per‑door costs compared to single‑asset acquisitions, ideal for efficient stabilization and cash flow improvement.
- High‑growth location: Griffin, GA, is experiencing economic growth and residential market appreciation, situated in the developing I‑75 corridor between Atlanta and Macon.
- Phased renovation potential: Varying property conditions allow for a phased approach to renovations, optimizing capital expenditure and resource allocation.
- Immediate income potential: 11 currently occupied units provide an existing monthly income stream of $7350.
- Bank‑owned: Presents a ground‑floor opportunity.
Overview
This 32-unit portfolio in Griffin, Georgia, presents a value-add opportunity. The bank-owned portfolio currently has limited cash flow, with 11 units occupied. Twenty-one units are vacant and require municipal re-inspection before utility restoration. The portfolio offers immediate upside through a rehab and lease-up strategy. The 11 occupied units currently produce $7350 in monthly income. The package's scale reduces per-door rehab and management costs. The portfolio includes turnkey homes requiring minimal attention and properties needing capital expenditures, allowing for phased renovations and value-add improvements. Strategic upgrades such as modernized interiors, improved landscaping, and energy-efficient features can increase rents, attract tenants, and reduce vacancy rates. The offering targets hands-on investors who can convert cosmetic and systems upgrades into higher rents and increased valuation. Griffin is located between Atlanta and Macon along the I-75 Corridor and is experiencing growth. A newly constructed industrial park is fully occupied, and large developments are ongoing on the interstate. A new airport is in the final stages before construction. The residential market is seeing appreciation and expansion. Griffin maintains a small-town feel while providing the location and infrastructure to become a metro Atlanta market. The portfolio includes houses and duplexes built between 1920 and 1978, as well as vacant lots.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.3197
- Latitude
- 33.2865
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - 32-unit portfolio in Griffin, GA with value-add opportunity.
Where is this single family property located?
The property is located at 32 UNIT MUTLIPL Multiple Griffin, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Value‑add opportunity: 32‑unit portfolio with **21 vacant units allows for significant rental income increase** through strategic renovations and lease‑up.; Scalable rehab and management: Portfolio size reduces per‑door costs compared to single‑asset acquisitions, ideal for efficient stabilization and cash flow improvement.; High‑growth location: Griffin, GA, is experiencing economic growth and residential market appreciation, situated in the developing I‑75 corridor between Atlanta and Macon.
