712 Searcy AVE, Griffin, GA 30223 - MLS#7577217 - Shawn Delaney

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Shawn Delaney

Maximum One Realty

[email protected] +1(770) 378-7994

$650,000

Est. payment - /mo

8 Beds

4 Baths

5.6 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Huckaby Estate

MLS Listing ID 7577217

Style Country

Bedrooms 8

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1940

Annual Tax Amount $1,731

Tax Year 2024

Lot Size 5.600 Acres

Acres 5.6

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

Property 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.

Location

State GA

County Spalding

Zoning Resid

Lake Name None

Rooms

Bedroom Description Master on Main

Other Rooms Residence

Main Level Bedrooms 8

Exterior

Fence None

Community Features None

Utilities Available Electricity Available, Other, Phone Available, Water Available

Waterfront Description None

View Other

Present Use Multi-Family,Other

Street Surface Paved

Porch None

Private Pool false

Building

Lot Description Level, Open Lot

Story One

Architectural Style Country

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Futral Road

Middle Schools Rehoboth Road

High Schools Spalding

Others

Senior Community no

Tax ID 128 01008

Special Listing Condition None

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Listed by Keller Williams Realty Atlanta Partners

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Shawn Delaney

+1(770) 378-7994

Agent | License ID: 285391

Agent License ID: 285391

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712 Searcy AVE Griffin, GA 30223

Shawn Delaney

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