1. Georgia
2. Griffin
3. 622 W Poplar Street

622 W Poplar Street, Griffin, GA 30224

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.

Listing Status:

Pending

Date Added:

May 9, 2025 at 05:00AM

Listing Office:

Keller Williams Southern Premier RE : 770-228-7653

Listing Agent:

Jared Cordova : 678-458-9418

MLS ID:

10518811

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Financial

This listing courtesy of Jared Cordova, Keller Williams Southern Premier RE