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Debbie Kirkland

debbie@firststory.co +1(850) 212-0440

$ 1,900,000

Est. payment -/mo

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255/265 Concord St Pelham, GA 31779

28 Beds

26 Baths

14,550 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,550 sqft

Price per Sqft $130

Subdivision No Recorded Subdivision

MLS Listing ID 929547

Style Other-See Remarks

Bedrooms 28

Full Baths 26

HOA Y/N No

Year Built 2003

Annual Tax Amount $12,224

Tax Year 2025

Lot Size 0.890 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State GA

Area Pelham

Zoning c-3

Interior

Interior Features Sheetrock Walls, Dining Room/Kitchen Combo

Heating Central Heat/Air

Cooling Central Heat/Air

Flooring Laminate

Appliance Electric Range, Refrigerator

Exterior

Parking Features Parking Pad

Utilities Available Garbage Pick Up

View Y/N No

Roof Type Metal

Building

Lot Description Corner Lot

Story 1

Foundation Slab

Water City of Pelham

Architectural Style Other-See Remarks

Level or Stories One

Stories 1

Floor Plan One

Others

Acceptable Financing Sold As Is

Listing Terms Sold As Is

Virtual Tour https://tour.usamls.net/255265-concord-st-Pelham-GA-31779/unbranded

Listed by Nexus Real Estate Group LLC

Debbie Kirkland

Broker License ID: BK3052075

+1(850) 212-0440

Debbie Kirkland

255/265 Concord St Pelham, GA 31779

Key Details

Location

Interior

Exterior

Building

Others

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255/265 Concord St