1410 Cave Springs Road SW, Rome, GA 30161 - MLS#10656293

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Patricia Fagiola

[email protected] +1(678) 409-6656

$1,250,000

Est. payment - /mo

0.29 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

MLS Listing ID 10656293

HOA Y/N No

Year Built 1950

Annual Tax Amount $8,475

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions 12632.4

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

De La Rosa Group is pleased to exclusively offer for sale The Cave Springs Apartments, a 12-unit multifamily property located at 1410 Cave Springs Road SW In Rome, GA. With a favorable unit mix, this 12-unit multifamily property in Rome, GA, presents a strong value-add investment opportunity. Current below-market rents and inactive laundromat, already stubbed with plumbing for 5 washers, and electrical for 6 dryers allows for additional income to be generated right away. The asset features a mix of one and two bedroom units, appealing to a broad tenant base. Recent renovations include interior and exterior paint, new kitchens in select units, new LVP in select units, newer roof, updated plumbing, updated lights fixtures, and LED common area lights to reduce costs. Additional space will also allow to incorporate vending machines, with large storage also attached to the building. Heavy work has been completed to the property, lowering investors initial capital expenditure.

Location

State GA

County Floyd

Rooms

Basement None

Interior

Heating Other

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street, Parking Pad

Garage Spaces 15.0

Community Features None

Utilities Available Electricity Individual Meters, Water Individual Meters

View Y/N No

Total Parking Spaces 15

Garage No

Private Pool No

Building

Faces use GPS

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Brick,Wood Siding

New Construction No

Schools

Elementary Schools Alto Park

Middle Schools Pepperell

High Schools Pepperell

Others

HOA Fee Include None

Tax ID I15W 144

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Resale

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Patricia Fagiola

+1(678) 409-6656

Agent | License ID: 294432

Agent License ID: 294432

1410 Cave Springs Road SW Rome, GA 30161

Patricia Fagiola

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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