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I Adore Georgia

atlanta@combspremier.com +1(786) 277-1190

$ 500,000

Est. payment -/mo

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New

5 Orlystus DR SW Rome, GA 30161

UPDATED:

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

I Adore Georgia

+1(786) 277-1190

I Adore Georgia

5 Orlystus DR SW Rome, GA 30161

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5 Orlystus DR SW