GA > Rome > Pennington Surv
Rome, GA 30161,3 Orlystus DR SW
Rome, GA 30161,3 Orlystus DR SW
Rome, GA 30161,3 Orlystus DR SW
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Jaclynn Ferlita

Jaclynn Ferlita

+1(405) 404-1237
$500,000
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Pennington Surv

MLS Listing ID 10565586

HOA Y/N No

Year Built 1970

Annual Tax Amount $6,334

Tax Year 24

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 1

Property Sub-Type Multi Family

Source Georgia MLS 2

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

Rooms

Basement None

Interior

Heating Electric, Forced Air

Cooling Central Air

Fireplace No

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

Garage No

Private Pool No

Building

Faces Please use GPS

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

HOA Fee Include None

Tax ID I14W 410

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

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3 Orlystus DR SW

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