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712 Searcy Avenue, Griffin, GA 30223

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For Sale
Sale Pending

$650,000

5.6 acres

Estimated Payment

$      /mo.

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • 5.6 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

RUSH SALE MOVING OUTSIDE USA Multi-Unit Investment on 6.5+ Acres | 8 Homes + Storage Parcels: 128 01008 & 127 06002 Zoning: Multi-Family Residential & Agricultural Turnkey investment offering 7 rented homes, 1 unfinished apartment, a large storage building, and a fenced garden across two adjoining parcels totaling over 6.5 acres. Each home has its own backyard, utility connections (electric, water, gas, septic, mailbox), and strong rental history with upside potential. Managed by a professional property manager. Homes on Parcel 1 (5.64 acres): 714 A 1,192 sqft 2BR/1BA $1,200/mo Granite kitchen, tile floors, large island, laundry room, porch. 714 B 725 sqft 1BR/1BA $1,100/mo Butcher block counters, enclosed porch, fireplace. 716 854 sqft 1BR/1BA $1,000/mo Spacious layout, big closet, porch access. 712 A 660 sqft Vacant Est. rent $700 Needs full renovation. Storage Building ~1,000 sqft Est. rent $500 Needs renovation but usable for tools, vehicles, or rental. Homes on Parcel 2 (0.89 acres): 720 A 856 sqft 1BR/1BA $1,000/mo Laundry room, large closet (convertible to 2nd BR). 720 B 928 sqft 1BR/1BA $1,000/mo Granite kitchen island, walk-in shower & tub. 722 902 sqft 1BR/1BA $600/mo Enclosed porch, spacious layout. 724 1,056 sqft 1BR/1BA $700/mo Previously a store, can easily be 2BR, huge living space, recently re-sided. Unfinished Apartment/Studio: Currently used as a photo studio, office, and music room. Has 3 small rooms and potential to convert to income-producing unit. Property Features: 5 mins from downtown Griffin Near DMV, hospital, courts, restaurants, and shopping Fenced garden with raised beds and water lines All homes individually metered (electric, water, septic, mailboxes) Zoned for flexibility: residential/agricultural Pad ready for another home (utilities in place from prior structure) Individual tenant utility billing via Griffin Utility Financial Snapshot: Monthly Gross Rent (7 houses): $6,600 Annual Gross Income: $79,200 Annual Expenses: $8,436 (includes lawn, lighting, taxes, insurance) Net Operating Income (NOI): $70,764 Cap Rate: 8.85% Improvement Estimates: Full reno 712 A: $11,000 Exterior decks/finish: $30,000 New gravel driveways: $15,000 Even with updates, this remains a below-market deal. Comparable single homes in the area sell for $110K+ (as-is). You're essentially buying 8 homes, a large workshop, and acreage with low taxes ($2,800/yr for both parcels) and massive long-term upside. Live in one, rent the rest, or build your own family compound. Private, profitable, and ready for its next chapter.
MLS# 7577103

Courtesy Of Keller Williams Realty Atlanta Partners

(678) 775-2600

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    5.6 Acres

Map and Directions

Directions to 712 Searcy Avenue, Griffin, GA 30223
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Home seller CENTURY 21 Crowe Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Crowe Realty

(770) 775-1800
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