10/07/2026
🏢 FOR SALE | St. Phillip Villas: 60-Unit Multifamily in Griffin, GA
Investors, here's a newer apartment community that is nearly full and still has room to grow.
💰 Offering Price: $7,835,000 ($130,583/unit, $111/SF)
📈 8.29% cap rate on in-place NOI of $649,542
🏠 98.3% occupied (59 of 60 units)
Why it works:
✅ Built in 2001. It's newer than most value-add deals, with PVC plumbing and roofs about 6 years old.
✅ $440K+ already invested: 20 new HVAC systems, new water heaters, unit renovations and new amenities
✅ Room to add value: 23 units fully renovated, 11 partly renovated, and 26 original units still waiting for upgrades
✅ Large units: about 1,176 SF on average, in 1, 2 and 3-bedroom floor plans
✅ Residents pay their own utilities. Electric and gas are separately metered, and water/sewer is billed back to residents.
✅ Extra income from trash, pest control and washer/dryer rental fees
✅ No affordability restrictions on the property
✅ New amenities: pickleball court, gazebo with outdoor fireplace, grills and playground
✅ About 6 acres with off-street parking and on-site management
📍 Location: 829 North Hill Street, Griffin, GA, about 40 miles south of Atlanta on the U.S. 19/41 corridor. It's less than 3 miles from Wellstar Spalding Medical Center and close to the Griffin-Spalding Industrial Park (Caterpillar, Norcom, Hoshizaki, Perkins), UGA Griffin Campus, Southern Crescent Technical College, Walmart, Kroger and Home Depot.
📩 Message me or call for the full Offering Memorandum and financials. Tours available.
Wesley Smith | Helping Our People Evolve LLC (HOPE)
📞 219-758-1553 | ✉️ [email protected]
All information should be independently verified. Buyers must do their own due diligence.