(864) 362-2375
$1,000,000
750 Fleming Road, Elberton, GA 30635
22.4k22,464SQFT
3.2Acres
1974YearYear Built
About This Home
ATTENTION INVESTORS & DEVELOPERS! 24-UNIT MULTIFAMILY COMMUNITY WITH MAJOR VALUE-ADD & EXPANSION POTENTIAL! 24 UNITS | 3 BUILDINGS | 3.25 ACRES | LOW OCCUPANCY | SOLD AS-IS! BRING YOUR VISION AND UNLOCK THE POTENTIAL! An exceptional opportunity awaits investors, developers, and entrepreneurs seeking to acquire and reposition an existing multifamily community in Elberton, Georgia! Situated on approximately 3.25 acres, this property features THREE apartment buildings comprising 24 residential units with a desirable mix of one-, two-, and three-bedroom floor plans. With substantial value-add potential and additional acreage offering possibilities for future expansion, this property presents an exciting opportunity to create a customized, income-producing residential community. A BLANK CANVAS FOR YOUR NEXT INVESTMENT! The property is being offered AS-IS, with ownership working toward delivering the community with minimal occupancy, creating an opportunity for the next investor to renovate, reposition, and implement a new operational strategy with fewer existing tenancy obligations. Whether your investment strategy includes traditional multifamily rentals, affordable housing, workforce housing, sober living residences, transitional housing, or a specialized residential community, this property offers the existing infrastructure and flexibility to explore multiple business models, subject to applicable zoning and approvals. LOCATION IS KEY! Conveniently located minutes from Downtown Elberton, Athens Technical College's Elbert County Campus, and beautiful Lake Russell, with access to Interstate 85 and the South Carolina state line. THE OPPORTUNITY IS IN THE TRANSFORMATION! Acquire an existing 24-unit community, execute your renovation strategy, establish your own rental structure, and explore opportunities for future expansion-all within one investment! 24 DOORS. THREE BUILDINGS. 3.25 ACRES. UNLIMITED VISION. INVESTORS-THIS IS YOUR OPPORTUNITY TO RE-IMAGINE, REPOSITION, AND REVITALIZE AN ENTIRE MULTIFAMILY COMMUNITY! Property sold AS-IS. Buyer to verify zoning, permitted uses, development potential, property condition, and occupancy. Existing leases and tenant rights remain subject to applicable law. Listing Agent is part owner.
Location
Key Facts
Status: Active
Type: Commercial Sale
Neighborhood: Spring Valley Apartments
Annual Taxes: $0
HOA Fees: Not provided
MLS: Georgia
MLS #: 10876333
Features
Other
Mortgage Calculator
$5,057Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $1,000,000
Status: Active — For Sale
Days on market: 0
Last updated: Oct 21, 2026
Schools
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Source MLS #: 10876333
Last updated: Oct 21, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.