131 Waterford Way, Griffin, GA 30223

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Sold Price
$178,000
List Price
$185,000
Closing Date
May 19, 2026
MLS#
10716836
Type
Multifamily
City
Griffin
County
Spalding
Year Built
1993

Property Description

NO SELLER FINANCING!!! ***Exceptional Investment Opportunity - lease renewal on 03/01/2026, Monthly rent is at $1,600!!! Tenant has never late for the payment. The property offers an annual return of approximately 8.13%. One month Security Deposit paid by tenant.*** - Water heater replaced on 2023 and new roof - A charming 3-bedroom, 2-bathroom and 1,290 sq. ft. single-family that offers the perfect blend of comfort and convenience. This property offers strong rental potential in a quiet, family-friendly community with growing demand from tenants seeking affordability outside of Atlanta. Conveniently located with access to major routes connecting to South Atlanta and McDonough, the home benefits from steady population growth in the Griffin area. Nearby shopping, schools, and daily amenities enhance tenant appeal and retention. With lower entry cost compared to metro Atlanta and solid rent-to-price ratios, this is an excellent opportunity for investors looking for stable cash flow and long-term appreciation in an expanding submarket.

Additional Information

Elementary School
Cowan Road
High School
Griffin
Parking
Garage
Basement Type
None
Stories
1 Story
Fees Include
None
Tax Year
2025

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Listing courtesy of WePartner Realty, LLC. Selling Office: .

© 2026 Georgia MLS. All rights reserved. Information Deemed Reliable But Not Guaranteed.