255/265 Concord St, Pelham, GA 31779
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: kathryn tillery, matthew santoro
Office: nexus real estate group llc.
MLS#:929547
Source:GA_TABR
Price summary
- Price:$1,900,000
- Price per sq. ft.:$130.58
About this home
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....
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Home facts
- Year built:2003
- Subdivision & Development:No Recorded Subdivision
- Listing ID #:929547
- Added:1 day(s) ago
- Updated:November 13, 2026 at 04:49 PM
Rooms and interior
- Bedrooms:28
- Total bathrooms:26
- Full bathrooms:26
- Kitchen Description:Dining Room/kitchen Combo, Refrigerator
- Basement Description:Concrete Slab
- Living area:14,550 sq. ft.
Heating and cooling
- Cooling:Central Heat/Air
- Heating:Central Heat/Air
Structure and exterior
- Roof:Metal
- Year built:2003
- Building area:14,550 sq. ft.
- Lot area:0.89 Acres
- Lot Features:Corner Lot
- Construction Materials:Vinyl Siding
- Foundation Description:Slab
- Levels:1 Story
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$130.58
- Tax amount:$12,224 (2025)
Features and amenities
- Amenities:Garbage Pick Up
Parking
- Parking description:Parking Pad
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