32 UNIT MUTLIPL Multiple Griffin, GA $ 2,250,000
32 UNIT MUTLIPL Multiple
$ 2,250,000
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32 UNIT MUTLIPL Multiple

Griffin, GA, 30223
$ 2,250,000
Baths0.0

Monthly Estimate*

$ 14,037

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Studio

Multi-Family Home for sale in Griffin, GA

for $2,250,000. This home was built in 1977 on a lot size of 1.

***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

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1

Style

Multi Family,Duplex

Lot Size

1

Year Built

1977

Town/City

Griffin

County/Region

Spalding

MLS | Web ID

10606264

Features
General
Sewer Public Sewer
Heating Other
Cooling Other
Utilities Electricity Individual Meters Gas Individual Meters Sewer Connected Water Individual Meters
Association Fee Includes Other
Construction Materials Other
Year Built 1977
Levels One
Property Subtype Multi Family Duplex
Tax Year 2024
Community Features None
County Spalding
New Construction N
Property Type Residential Income
HOA Y
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions Link to Google Map of Properties: https://www.google.com/maps/d/edit?mid=1li6HEELqAGL3h5yWlK3ZmfgY2j7hW3A&usp=sharing
High School Out of Area
City Griffin
Senior Community Y/N N
Number Of Units Total 32
Lot Size Units Acres
Lot Size Square Feet 43560
Carport Y/N N
Elementary School Out of Area
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1
Home Warranty Y/N N
Middle/Junior High School Other
Property Condition Resale
Structure Type Duplex House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement Crawl Space
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Off Street
Water Source Public
Lot Size Area 1
Spa N
Lot Size Acres 1
Lot Size Source Public Records
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Keller Williams Southern Premier Re

Broker

jaredcordova@kw.com

Email

Affordability Calculator

$14,037
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,037
Monthly Property Taxes
$0
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4855787 Elementary School
4855789 Middle School
Out of Area High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2025$2,250,000 Listed Price

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32 UNIT MUTLIPL Multiple, Griffin, GA, 30223 is a Multi-Family Home for sale at $2,250,000 with a lot size of 1. 32 UNIT MUTLIPL Multiple is a studio with 0.0 baths and was built in 1977. The property's zip code is 30223 which is in Griffin, GA