Average square foot calculated using Size range provided by listing agent.
Description
Incredible Value-Add Investor Opportunity in Rome, GA! 10-unit brick complex at 3 Orlystus Dr SW, minutes from Downtown Rome, Coosa Country Club, and Shorter University. Offered at only $500, 000-$540, 000, this property is priced well below stabilized market value-with projected after-repair value (ARV) over $1, 000, 000+. Current unit mix: 10 spacious 1BR/1BA units with central HVAC, assigned parking, and strong rental demand in the immediate area. Pro Forma Cap Rate: 13-14% after minor renovation Upside: Estimated $140, 000 in improvements needed to achieve full stabilization Market Rents: $1, 000-$1, 200 per month/unit achievable Location: 2 blocks from the river bridge into Downtown Rome, 1 block from Coosa Golf Course, near hospitals, shopping, and transit. Perfect for investors seeking: High cash-on-cash returns Value-add multifamily with proven upside Future refinance potential or long-term cash flow hold Call today-this kind of deal doesn't last!Show Description
MLS® Number10565586
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage1
Exterior
GarageNo
Approx. Age1970
BasementNone
DrivewayOff Street, Over 1 Space per Unit
Garage Spaces
HeatElectric, Forced Air
A/CCentral Air
Heating Fuel
Extras
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