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263 Addington Drive

Rome, GA 30165
  • $1,200,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 20039358
UPDATED: 138 min ago
$1,200,000
  • 0
    BEDS
  • 1.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1930
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Awesome Investors opportunity to own six duplexes (24 bedrooms and 12 full bathrooms) for a total of $1,200,000 ($200,000X6) 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. The current leasing rate for each unit is in average of $700/month or around $100,000 annually for the entire duplex. 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.

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Military Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Military Realty. Data last updated: 2022-05-29T00:07:38.773.
www.militaryrealty.us/homes/128456814
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263 Addington Drive Rome, GA 30165

  • Price: $1,200,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 138 min ago
  • MLS #: 20039358
0
Beds
0
Baths
0
½ Baths
1.43
Acres
1930
Built
Neighborhood:
N/A
County:
Floyd
Area:
FLOYD 1
Elementary School:
West Central
Middle School:
Rome
High School:
Rome
Property Description
Awesome Investors opportunity to own six duplexes (24 bedrooms and 12 full bathrooms) for a total of $1,200,000 ($200,000X6) 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. The current leasing rate for each unit is in average of $700/month or around $100,000 annually for the entire duplex. 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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Other Garage YN No Levels Two Lot Size Area 1.43 Lot Size Source Public Records Lot Size Units Acres Open Parking YN Yes Parking Features Parking Pad

Interior Features

Above Grade Finished Area Units Square Feet Basement None Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central AirWindow Unit(S) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Natural GasForced Air Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None District 0 Land Lot 0 Listing Terms 1031 ExchangeCashConventionalOwner Will CarryOwner 2NdPrivate Financing Available New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi Family Section 0 Sewer Public Sewer Special Listing Conditions Rental Structure Type Duplex Tax Annual Amount 4757 Tax Year 2020 Unit 0 Utilities Electricity Individual MetersGas Individual MetersSewer ConnectedUnderground UtilitiesWater Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Realco Brokers Intl. Llc: 404-671-9321. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Military Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Military Realty. Data last updated: 2022-05-29T00:07:38.773.
 
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115 Kingsbay Rd, Suite E
Kingsland GA, 31548