Viewing Listing MLS# 7318232
Rome, GA 30165
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1930Year Built
- 1.43Acres
- MLS# 7318232
- Multifamily
- Duplex
- Active
- Approx Time on Market3 months, 29 days
- AreaN/A
- CountyFloyd - GA
- SubdivisionNone
Overview
Awesome Investors opportunity to own six duplexes (24 bedrooms and 12 full bathrooms) for a total of $1,220,000 ($203,333X6) with steady income and 100% occupancy rate. All buildings were improved/rebuilt in 2015 with the current effective age to be less than 10 years old. Each duplex has two units with a family room, two bedrooms and one full bathroom in each household. During the due diligence period the seller can meet with you and your buyer at his office in Chamblee. He can provide you with all of the paperwork related to the extensive improvements that were made to these duplexes, which were almost completely rebuilt from the ground up in 2015-2016. As a builder, he has a thorough record of the exact improvements and costs involved in the reconstruction process. Currently I just helped him to lease two of his available units (for $895.00/month (a few month ago) and for $925.00/month (a couple of months ago). The demand in this price range is overwhelming. If we recalculate CAP rate with the last market rent of $925.00 per month for all units, we will see the pro-forma CAP rate increase up to 9.6% and it's not the highest possible return which can be improved upward further. In the present time all six duplexes are combined into one legal deed so they have to be sold all together. All duplexes are located in a quiet neighborhood, surrounded by trees with private backyards available for entertaining family and friends.
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 12
Exterior Features
Fence: None
Pool Private: No
County: Floyd - GA
Acres: 1.43
Financial
Original Price: $1,220,000
Owner Financing: Yes
Garage / Parking
Parking Features: Level Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One and One Half
Lot Info
Lot Size Source: Public Records
Lot Features: Level
Lot Size: x 0
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Frame
Year Built: 1,930
Property Condition: Resale
Roof: Composition
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 4757
Tax Year: 2,022
Tax Parcel Letter: H12Z-607
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central, Electric, Forced Air
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Please use GPSListing Provided courtesy of Realco Brokers, Inc.