Residential Income In Rome
- 12,633 Sqft lot
- Updated: Today
- Source: First Multiple Listing Service (FMLS) MLS#7828447
About the Property
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,
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.
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Property type
Other
-
Year built
1950
Features
- Air Conditioning
- Investment Property
- Stone Countertops
- Parking
- Basement
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