4 UNIT MULTI-FAMILY AUCTION
Apartments At 436
Premier Investment Opportunity
Located in Griffin Georgia
Spalding County, GA
Online Bidding Ends November 19th at 2 PM
Property Address: 436 S. 6th Street Griffin, Georgia 30224
Auction Date: Tuesday, November 19, 2024 at 2:00 PM
County: Spalding
Assessor’s Parcel Number: Spalding (022 07039)
Offering Overview
Located in the heart of Griffin, Georgia, this charming multi-family property offers a unique investment opportunity with four spacious units, providing comfortable and convenient living spaces. The units are 1,050+/- SF each featuring one bedroom and one bathroom with large living area. Built in 1935 and extensively renovated in 1991, the property retains its historic character while offering modern conveniences. With a total building size of 4,731 square feet, this property sits on a generous 0.44-acre lot, providing ample parking and outdoor space. Its strategic location in a walkable neighborhood, coupled with its proximity to local schools and major industries, makes it an attractive option for tenants and investors. The property is professionally managed, ensuring smooth operations and tenant satisfaction. Now is your chance to purchase a stable and appreciating commercial property in growing Griffin Georgia. Call Cameron Morris at (229) 881-7643 or visit our website at TheWeeksGroup.com to get registered today!
Important Selling Features:
- Unit Mix: (4) Units, One Bedroom and Bathroom
- Unit SF: 1,050+/- Each
- Occupancy: 100% Rented
- Construction: Originally built in 1935 with a significant renovation in 1991
- Total Building Size: Approximately 4,731 square feet
- Lot Size: 0.44 acres
- APN: 022 07039
- Parking: Ample Paved Tenant Parking
- Location: Situated within the walkable and bikeable streets of Griffin
- School District: Zoned for Crescent Road Elementary School, Rehoboth Road Middle School, and Spalding High School, all within a short driving distance.
Industry Outlook
Manufacturing: Griffin has a strong manufacturing sector, including companies involved in automotive parts, textiles, plastics, and metal fabrication. The city's strategic location near major highways enhances its appeal to manufacturers.
Agriculture: The region has a rich agricultural history, with farming activities including crop production (especially cotton, corn, soybeans, and peanuts) and livestock. Agribusiness remains a vital part of the local economy.
Education: The University of Georgia’s Griffin Campus and Southern Crescent Technical College contribute to the local economy, offering educational opportunities and research initiatives that support various industries.
Healthcare: Healthcare services are a significant part of Griffin's economy, with facilities like WellStar Spalding Regional Hospital providing a range of medical services and employment.
Retail and Services: Griffin’s retail sector is strong, with numerous shops, restaurants, and service-oriented businesses catering to the local population and surrounding areas.
Logistics and Distribution: Given Griffin’s proximity to Atlanta and major transportation routes, logistics and distribution centers are an important part of the local economy, facilitating the movement of goods across the region.
Schools:
- K-5 – Crescent Road Elementary School
- 6-8 – Rehoboth Road Middle School
- 9-12 – Spalding County High School
Utility Allocation:
- Electricity (City of Griffin) – Paid by Tenant (Sub-Metered)
- Water (City of Griffin) – Paid by Tenant
- Trash (City of Griffin) – Paid by Tenant
- Sewer (City of Griffin) – Paid by Tenant
2023 Property Taxes: $4,992.76
Annual Insurance Premium: $9,844.64 (All Properties)
GPS Coordinates: 33.243039518594856, -84.26199176817943
Google Map Link
Driving Directions: From DOWNTOWN GRIFFIN start by heading south on Hill Street. Continue straight for about half a mile, then turn left onto W Poplar Street. After a short distance, take a right onto S. 6th Street. Continue on S. 6th Street for about a quarter of a mile, and you'll find 436 S. 6th Street on your left. Watch for Auction Signs!
For More Information Contact:
Cameron Morris
Associate Broker & Auctioneer
CAGA Appraiser
(229) 881-7643
Cameron@BidWeeks.com