UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7828447
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $9,428
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Cave Springs Road SW In Rome, GA. With a favorable unit mix, this 12-unit multifamily property in Rome, GA, presents a strong value-add
investment opportunity. Current below-market rents and inactive laundromat, already stubbed with plumbing for 5 washers, and electrical
for 6 dryers allows for additional income to be generated right away. The asset features a mix of one and two bedroom units, appealing to
a broad tenant base. Recent renovations include interior and exterior paint, new kitchens in select units, new LVP in select units, newer
roof, updated plumbing, updated lights fixtures, and LED common area lights to reduce costs. Additional space will also allow to
incorporate vending machines, with large storage also attached to the building. Heavy work has been completed to the property, lowering
investors initial capital expenditure.
Location
State GA
County Floyd
Lake Name None
Interior
Heating Wall Unit(s)
Cooling Wall Unit(s)
Window Features Double Pane Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features None
Utilities Available Electricity Available, Natural Gas Available
Waterfront Description None
View Y/N Yes
View Rural
Roof Type Shingle
Accessibility Accessible Approach with Ramp, Accessible Entrance
Handicap Access Accessible Approach with Ramp, Accessible Entrance
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Construction Status Resale
Schools
Elementary Schools Alto Park
Middle Schools Pepperell
High Schools Pepperell
Others
Senior Community no
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
NEARBY SCHOOL & BUSINESS
2801 Washington Rd., Ste. 188, Augusta, Ga 30909, United States