Log In/Sign Up
Your email has been sent.
712-724 Searcy Ave 8 Unit Mobile Home Park $550,000 ($68,750/Unit) 12.60% Cap Rate Griffin, GA 30223
INVESTMENT HIGHLIGHTS
- Portfolio of 8 single-family homes on one site — ideal for affordable housing.
- Each home has a private backyard, individual parking, separate utility meters, and separate mailing addresses.
- Class C workforce housing in a stable Griffin, GA rental market.
- Strong rental upside: 2 vacant units + below-market rents.
- Value-add potential to reach projected $8,900 monthly rent after leasing the two vacant units.
- there is building can fit 4 cars on it can be used as self storage for tools and mower grass
EXECUTIVE SUMMARY
Griffin 8-Unit Single-Family Portfolio
Address: Griffin, GA 30223Asset Type: Multifamily Portfolio | 8 Single-Family Units | Built 1960Class: C | Individual Yards | Parking | Separate Utility Meters | Individual Mailboxes
?? Cap Rate: ~ 12.6% actual
Purchase Price: $550,000
Current Monthly Rent: $5,800
Stabilized Monthly Rent Potential: $8,900
Expenses: ~ 10%
?? Occupancy: 75%
(8 units total — 6 currently leased, 2 vacant)
?? NOI (T12 Jun 2024 – May 2025):
Gross Income: ˜ $69,600 (actual)
Projected Gross Income: ˜ $106,800 (stabilized)
Expenses (10%): ˜ $6,960 actual / $10,680 stabilized
NOI Actual: ˜ $62,640
NOI Stabilized: ˜ $96,120
?? Avg Rent: ˜ $1,000 / unit monthly (current)
Address: Griffin, GA 30223Asset Type: Multifamily Portfolio | 8 Single-Family Units | Built 1960Class: C | Individual Yards | Parking | Separate Utility Meters | Individual Mailboxes
?? Cap Rate: ~ 12.6% actual
Purchase Price: $550,000
Current Monthly Rent: $5,800
Stabilized Monthly Rent Potential: $8,900
Expenses: ~ 10%
?? Occupancy: 75%
(8 units total — 6 currently leased, 2 vacant)
?? NOI (T12 Jun 2024 – May 2025):
Gross Income: ˜ $69,600 (actual)
Projected Gross Income: ˜ $106,800 (stabilized)
Expenses (10%): ˜ $6,960 actual / $10,680 stabilized
NOI Actual: ˜ $62,640
NOI Stabilized: ˜ $96,120
?? Avg Rent: ˜ $1,000 / unit monthly (current)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Yard
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,200 | 1,200 |
| 2+1 | 2 | $1,000 | 760 |
| 2+1 | 3 | $1,000 | 760 |
| 2+1 | 4 | $1,000 | 760 |
| 2+1 | 5 | $1,000 | 760 |
| 2+1 | 7 | $600.00 | 760 |
| Studios | 8 | - | 760 |
1 1
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Lamis Alruwaili
712-724 Searcy Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.