Map
Listed price in listed location currency (USD).
$495,000

863

MLS® 155105

Overview

Key Facts

Type Other
Levels Residential Income
Size 4978 sqft
Garage No
Maintenance Fees 
Taxes $2,552
Days Active 2
Approx. Age 
Avg. Price Per Sqft $99
MLS® Number 155105

Property Address: 150 Church Street Sw, Pelham, GA, 31779

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number155105
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air

Extras

Map

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