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Kaha Adan

kadan@norluxerealty.com +1(404) 784-3145

$ 1,000,000

Est. payment | -/mo

22,464 SqFt

Save

$ 1,000,000

Est. payment | -/mo

Save

22,464 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status New

Purchase Type For Sale

Square Footage 22,464 sqft

Price per Sqft $44

Subdivision No Subdivision

MLS Listing ID 10876333

HOA Y/N No

Year Built 1974

Tax Year 2026

Lot Size 3.200 Acres

Acres 3.2

Lot Dimensions 3.2

Property Sub-Type Commercial

Source Georgia MLS 2

Property 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.

Location

State GA

County Elbert

Zoning c-4

Rooms

Bedroom Description No

Interior

Heating Central

Cooling Central Air, Fans, Window Unit(s)

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Cable Available, Electricity Available, High Speed Internet

View Y/N No

Garage No

Private Pool No

Building

Lot Description Corner Lot

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

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Brick

New Construction No

Others

Tax ID 032C 029A

Special Listing Condition Fixer

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(404) 784-3145

kadan@norluxerealty.com

750 Fleming RD Elberton, GA 30635

Kaha Adan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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750 Fleming RD