150 Church Street SW, Unit 0
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $495,000 |
| Lot Size: | 4,978.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 8 |
ID: 3yd-VMLSGA-155105
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