3 Orlystus DR SW Save Request In-Person Tour Request Virtual Tour
Rome,GA 30161
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status New
Purchase Type For Sale
Subdivision Pennington Surv
MLS Listing ID 10565586
Year Built 1970
Annual Tax Amount $6,334
Tax Year 24
Lot Size 1.000 Acres
Property Sub-Type Multi Family
Property 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!
Location
State GA
County Floyd
Interior
Heating Electric,Forced Air
Cooling Central Air
Laundry None
Exterior
Parking Features Off Street,Over 1 Space per Unit
Community Features Near Public Transport,Walk To Schools
Utilities Available Electricity Individual Meters
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Other,Stucco
New Construction No
Schools
Elementary Schools Anna K Davie
Middle Schools Rome
High Schools Rome
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Other,Private Financing Available,Trade
Listing Terms 1031 Exchange,Cash,Conventional,Other,Private Financing Available,Trade
Special Listing Condition Resale