750 Fleming RdElberton, GA 30635

Description

ATTENTION INVESTORS & DEVELOPERS! 24-UNIT MULTIFAMILY COMMUNITY WITH MAJOR VALUE-ADD & EXPANSION POTENTIAL! 24 UNITS | 3 BUILDINGS | 3.25 ACRES | LOW OCCUPANCY | SOLD AS-IS! BRING YOUR VISION AND UNLOCK THE POTENTIAL! An exceptional opportunity awaits investors, developers, and entrepreneurs seeking to acquire and reposition an existing multifamily community in Elberton, Georgia! Situated on approximately 3.25 acres, this property features THREE apartment buildings comprising 24 residential units with a desirable mix of one-, two-, and three-bedroom floor plans. With substantial value-add potential and additional acreage offering possibilities for future expansion, this property presents an exciting opportunity to create a customized, income-producing residential community. A BLANK CANVAS FOR YOUR NEXT INVESTMENT! The property is being offered AS-IS, with ownership working toward delivering the community with minimal occupancy, creating an opportunity for the next investor to renovate, reposition, and implement a new operational strategy with fewer existing tenancy obligations. Whether your investment strategy includes traditional multifamily rentals, affordable housing, workforce housing, sober living residences, transitional housing, or a specialized residential community, this property offers the existing infrastructure and flexibility to explore multiple business models, subject to applicable zoning and approvals. LOCATION IS KEY! Conveniently located minutes from Downtown Elberton, Athens Technical College's Elbert County Campus, and beautiful Lake Russell, with access to Interstate 85 and the South Carolina state line. THE OPPORTUNITY IS IN THE TRANSFORMATION! Acquire an existing 24-unit community, execute your renovation strategy, establish your own rental structure, and explore opportunities for future expansion-all within one investment! 24 DOORS. THREE BUILDINGS. 3.25 ACRES. UNLIMITED VISION. INVESTORS-THIS IS YOUR OPPORTUNITY TO RE-IMAGINE, REPOSITION, AND REVITALIZE AN ENTIRE MULTIFAMILY COMMUNITY! Property sold AS-IS. Buyer to verify zoning, permitted uses, development potential, property condition, and occupancy. Existing leases and tenant rights remain subject to applicable law. Listing Agent is part owner.

Property Information

Property type

Commercial Sale

Year built

1974

Building area

22,464 Sq Ft

Lot size

3.20 acres

Days on market

22

MLS^® Listing#

10876333

Property Features

Interior

High Speed Internet

Cooling

Central Air · Window Unit(s)

Heating

Central

Parking

Parking Lot

Lot features

Corner Lot

Construction

Aluminum Siding · Brick

Utilities

Cable Available · Electricity Available

Sewer

Public Sewer

Water source

Public

Parcel number

032C 029A

Directions

take mineral springs road towards Fleming Road -apartments are on the corner