712 Searcy Avenue

Griffin, GA 30223

  • 0 Sqft
  • 5.6
    Acres(Lot)
$650,000

Description

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.

  • Property Type

    Land

  • County

    Spalding

  • Style

    Residential Lot

  • AD ID

    49669536

Sell a home like this and save $38,501 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source: Public
    • Water BodyName: NONE
    • Sewer: Septic Tank

    Utilities

    • Other

  • Lot Information

    • Lot Size (Acr): 5.6
    • Land Lot: 207
    • Lot Size Source: Public Records
    • Lot Features: Level,Open Lot

    Property Information

    • Property Type: Land
    • Property Sub Type: Residential Lot
    • Subdivision: Huckaby Estate
    • City: Griffin
    • State: GA
    • Directions: I-75 South to exit 205 towards Griffin. Keep right, follow signs for Griffin/UGA Griffin. Merge onto GA-16 W. Turn right onto Rehoboth Road. Drive for about one mile. Turn right on Searcy Ave.
    • Property Status: Active

  • Listing Price Information

    • Original List Price: $650,000

  • Tax Information

    • Annual Tax: $1731
    • Tax Year: 2024
    • Tax Block: B
    • Tax Lot: 1

  • Homeowners Association Information

    • Association: No

  • School Information

    • Elementary School: Futral Road
    • High School: Spalding
    • High School Bus: Yes
    • Middle School: Rehoboth Road
    • Middle School Bus: Yes
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

BuyOwner last updated this listing 07/05/2025 @ 10:36

  • MLS: 10519295
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Georgia MLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 6 sized lot, and 0 parking. are nearby neighborhoods.