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Property Location

151 Melvin Phillips Road, Newnan GA 30263

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List Price $299,900

Units 1

Price / Unit $299,900

Est. Year 1 Cash Flow $-10,431 after debt service

151 Melvin Phillips Road Newnan, GA 30263

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Discover the perfect opportunity to build your dream home on this beautiful 12.9-acre wooded tract in desirable Coweta County. Tucked away among mature hardwoods and natural landscape, this property offers the privacy and tranquility of country living while remaining just minutes from downtown Newnan, shopping, dining, schools, and convenient access to I-85. Zoned RC (Rural Conservation) for single-family residential use, this expansive property provides an ideal setting for a custom home, private estate, hobby farm, or recreational retreat. Enjoy the freedom to create your own vision surrounded by abundant wildlife and peaceful natural scenery. The property is intended for septic use, though soil testing has not yet been completed, giving buyers the opportunity to evaluate and design the homesite that best suits their plans. Whether you're seeking a secluded homesite, long-term investment, or a place to enjoy the outdoors, this rare acreage opportunity offers endless potential in one of Coweta County's most sought-after locations.

Investment Notes — Newnan

Located in the Newnan, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $299,900 Verified

 Est. Year 1 Cash Flow  $-10,431  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Newnan. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Other Newnan, GA multifamily properties currently available

Multifamily for sale: 22 Pratt Street, Newnan

4 Units

Review Further

$790,000

4.3% Cap -6.8% CoC est

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7791007 · Listing courtesy of Atlantic Real Estate Brokers, LLC, Ciara Pardee · 404-626-3467

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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