712 Searcy AVE Griffin, GA 30223
5.6 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Huckaby Estate
MLS Listing ID 7577103
Construction Status Resale
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 Duplex
Source First Multiple Listing Service
Property Description
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
Lake Name None
Interior
Heating Electric
Cooling Ceiling Fan(s), Dual, Electric
Window Features None
Exterior
Parking Features Detached, Garage
Fence None
Community Features None
Utilities Available Electricity Available, Water Available
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level
Story One
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Cedar,Wood Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Futral Road
Middle Schools Rehoboth Road
High Schools Spalding
Others
Senior Community no
Tax ID 128 01008
Special Listing Condition None
