5 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 10571026
HOA Y/N No
Year Built 1966
Annual Tax Amount $2,266
Tax Year 24
Property Sub-Type Multi Family
Source Georgia MLS 2
Property Description
Beautiful brick building in Rome GA, few blocks from Downtown Rome 3 blocks away, beautiful Coosa River, 2 blocks away, Coosa Golf Course (and million dollar homes), Berry College, and Atrium Health, Floyd Medical Center, Desirable Southern charm, 4-Unit Multifamily Townhomes, all: 2 Bedroom / 2 Bathroom, 2-Story Layout, plenty of parking. * Current Occupancy: Vacant. Post-Renovation Rent Potential: o Low Case: $1,400/unit o Mid Case: $1,500/unit o High Case: $1,600/unit Renovation Estimated budget: $50,000 - $60,000 Location: 2 blocks from Coosa Valley Golf Course and million-dollar homes, walking distance to Downtown Rome, Berry College, and Atrium Health Floyd Medical Center and big Franchise stores. Investment Highlights: Premium Brick Townhomes: Classic all-brick construction with two-story layouts, individual HVAC units, and private entrances. Branched utilities (Water and power) Fully Vacant for Immediate Repositioning: Full control to renovate and lease at market rates. Great potential for student rental. Rent Growth Upside: Estimated market rents support $1,400-$1,600/month depending on finish level. Light Value-Add: Modest renovation budget of ~$55,000 opens door to significant value creation. Stabilized Cash Flow & Appreciation: High-demand product type in a strong submarket with limited competition. Financial Summary: Stabilized Income Potential: Scenario Monthly Gross Income Annual Gross Income Low Case $5,600 mo year $67,200 Mid Case $6,000 mo year $72,000 High Case $6,400 mo year $76,800 "At $125K per unit, these large 2-bed, 2-bath townhomes are under replacement cost." "Location is walkable to Downtown Rome, golf, university, river and hospital-everything tenants want." "Solid brick construction with easy renovations means faster lease-up and long-term durability." "Expect strong demand for this rare 2-story townhome layout in a low-vacancy submarket."
Location
State GA
County Floyd
Rooms
Basement None
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street,Over 1 Space per Unit
Community Features None
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
New Construction No
Schools
Elementary Schools Anna K Davie
Middle Schools Rome
High Schools Rome
Others
HOA Fee Include None
Tax ID I14W 408
Acceptable Financing 1031 Exchange,Cash,Conventional,Private Financing Available,Trade
Listing Terms 1031 Exchange,Cash,Conventional,Private Financing Available,Trade
Special Listing Condition Resale