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Pending
  • $185,000

    622 W Poplar St, Griffin, GA 30224

    6beds
    4baths
    --sqft
    : 
    Multi Family, Quadruplex
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    20 days
    on Zillow
    |
    355
    |
    41
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 16, 2025 at 11:21am

    Listed by:

    Jared Cordova 678-458-9418,

    Keller Williams Southern Premier RE

    Source: GAMLS,MLS#: 10518811MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Other
    Cooling
    • None, Window Unit(s)
    Features
    • Basement: Crawl Space
    • Has fireplace: No

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.38 Acres
    Details
    • Parcel number: 024 02013
    • Special conditions: As Is,Investor Owned,No Disclosure,Rental

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Materials
    • Block, Brick, Wood Siding
    Condition
    • Resale
    • New construction: No
    • Year built: 1966

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected

    Community & HOA

    Community
    • Features: None
    • Subdivision: None
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Griffin

    Financial & listing details

    • Tax assessed value: $227,470
    • Annual tax amount: $3,510
    • Date on market: 5/9/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: 1031 Exchange,Cash,Conventional
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