Investment opportunity with acreage inside the city limits! This 3-bedroom, 1-bath home sits on approximately 1.4 acres in Pelham, offering a rare combination of current rental income and valuable land ownership within the city. The property is currently tenant-occupied, providing immediate cash flow, with potential to increase rental income through future rent adjustments. Recent improvements make this a solid addition to an established portfolio or an excellent acquisition for investors looking to grow their rental holdings. With over an acre of land, this property offers possibilities that are difficult to find in town, including added privacy, future improvements, or long-term investment potential. Conveniently located approximately 30 minutes from Thomasville and one hour from Tallahassee, FL, the property provides easy access to regional employment centers, shopping, and amenities. Investors looking to maximize their opportunity should also consider the two additional income-producing properties available from the same seller. This property may be purchased individually or as part of a package portfolio. See Property Listings for 194 Mitchell Street and 216/222 Bowen Street, Pelham GA for more investment opportunities! Whether you're expanding an existing rental portfolio or entering the investment market, this property offers the combination of rental income, land value, and future upside that investors seek.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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