255/265 Concord St, Pelham GA 31779

About This Property

Fully Occupied, Income-Producing Multifamily Investment Property Don't miss this opportunity to acquire a well-maintained, income-producing multifamily investment property with 100% occupancy and established rental income from day one! This offering includes a total of 18 rental units situated on two separate parcels, providing investors with an established income stream and the potential for continued growth. The primary property consists of 16 units situated on approximately 1.84 acres, featuring: (2) Three-bedroom, two-bathroom units (10) One-bedroom, one-bathroom units (4) Two-bedroom, two-bathroom units Additionally, the offering includes a duplex on a separate lot approximately 0.50-acre lot, featuring (2) two-bedroom, two-bathroom units. The combined building square footage for all 18 units is approximately 15,400 square feet. The current owner has made improvements throughout the property, including replacing the flooring in all units. Management has also maintained a consistent approach to upkeep, with units receiving fresh paint and necessary repairs as they become vacant. The properties have been well cared for and maintained, making this an attractive opportunity for investors seeking an established multifamily portfolio. Immediate rental income based on the purchase price, projected capitalization rates are as follows: 2026 Cap Rate: 7.43% with management / 8.03% without management, Projected 2027 Cap Rate: 8.29% without management An added benefit for the new owner is that the current property manager is also the listing agent and is willing to work with the buyer to help provide continuity in management during the transition. Whether you are expanding an existing portfolio or looking to acquire an established multifamily investment, this property offers an excellent opportunity to own a fully occupied rental portfolio with income in place and room for continued investment potential.

• Interior Features
  • Appliances:
    Electric Range, Refrigerator
  • Cooling Features:
    Central Heat/Air
  • Flooring Features:
    Laminate
  • Stories/ Levels:
    1
  • Other Features:
    Sheetrock Walls, Dining Room/Kitchen Combo
• Exterior Features
  • Roof:
    Metal
  • Architectural Style:
    Other-See Remarks
  • Driveway/ Parking Features:
    Parking Pad
  • Utilities:
    Garbage Pick Up
  • Water Company:
    City of Pelham
  • Electric Company:
    Georgia Power
  • Exterior Finish:
    Vinyl Siding
  • Foundation:
    Slab
  • Lot/ Landscaping Features:
    Corner Lot
• Location
  • Main:
    Pelham
  • County:
    Mitchell County
  • Subdivision:
    No Recorded Subdivision
• Additional
  • Year Built:
    2003
  • Condition:
    Well-Kept
• Financial
  • County Taxes:
    12224