35
See all 35 photos
Listed by John Courson COLDWELL BANKER PREMIER REAL E
$495,000
Est. payment /mo
8 Beds
6 Baths
4,978 SqFt
New
150 Church Street SW #* Pelham, GA 31779
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,978 sqft
Price per Sqft $99
Subdivision Pelham
MLS Listing ID 155105
Bedrooms 8
HOA Y/N No
Lot Size 0.490 Acres
Property Sub-Type Multi Unit
Property Description
Stabilized 4-unit investment with proven rental history in the heart of charming downtown Pelham in Southwest Georgia! 150 SW Church Street offers a rare combination of in-place income, historic character and an inviting small-town setting. Offered at $495,000, this distinctive 4,978 SF brick property features four spacious 2BR/1.5BA residences, each currently renting for $1,100/month, generating $4,400 in monthly scheduled rent and $52,800 annually (7.46% cap rate at 30% OPEX). Originally constructed in the 1940s and thoughtfully renovated, the building retains the character that makes it special, including refinished hardwood floors, high ceilings, fireplaces, built-in storage, sitting areas and inviting porches, complemented by stainless appliances and updated fixtures and finishes. Central HVAC, brick construction and a metal roof add to the appeal and make this a must-see property. Located in downtown Pelham, residents enjoy the charm and convenience of small-town living with shopping, dining, banking and everyday services nearby. The established long-term rental model provides immediate cash flow, while the property's distinctive character and downtown location also create potential for furnished, corporate or short-term rental use for one or more units, subject to applicable regulations. Proven income, historic character and multiple rental possibilities—all in the heart of downtown Pelham.
Location
State GA
Area 11-Other
Zoning COMIMP
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Hardwood, Luxury Vinyl
Appliance Refrigerator, Electric Range, Dishwasher
Exterior
Exterior Feature Other
Parking Features 3+ Cars
Garage Spaces 3.0
Pool None
View Y/N No
Roof Type Metal
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
