1410 Cave Springs Road Sw, Rome, GA 30161
- $1,150,000
- List Price
- $1,150,000
- MLS#
- 7828447
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.29
- Subdivision
- N/A
Property Description
Rudhil Commercial 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.
Additional Information
- Stories
- Two
- Construction
- Block
- Year Built
- 1950
- Neighborhood Amenities
- None
- Roof
- Shingle
- Lot Dimensions
- 53x226
- Parking
- Parking Lot
- Lot Desc
- Level
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Alto Park
- Middle School
- Pepperell
- High School
- Pepperell
- Acres
- 0.29
- Levels
- Two
- Net Operating Income
- $101,658
- Taxes
- $9,428
Listing courtesy of Rudhil Companies, LLC.
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