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261 Addington Drive NW

Rome, GA 30165
  • $200,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 7044312
Price Reduced
UPDATED: 32 min ago
$200,000
  • 4
    BEDS
  • 1.43
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,224
    SQFT
  • $90
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Awesome Primary Residence/Investment opportunity if the buyer will purchase only one residence (currently divided into 2 separate homes) or 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 minimum leasing rate for each unit is an average of $720/month or $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. However, if somebody would be interested to purchase only one duplex as a primary residence or less than six units as an investment, the seller agreed to work with the buyer to subdivide this property accordingly but the buyer should lead this effort and do "necessary legwork" for property legal separation. All duplexes are located in a quiet neighborhood, surrounded by trees with private backyards available for entertaining family and friends.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-05-28T09:05:25.587. For issues regarding this website, please contact BoomTown.
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261 Addington Drive NW Rome, GA 30165

  • Price: $200,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 32 min ago
  • MLS #: 7044312
4
Beds
2
Baths
0
½ Baths
1.43
Acres
2,224
SQFT
$90
$/SQFT
1930
Built
Neighborhood:
None
County:
Floyd
Area:
Floyd
Elementary School:
Floyd - Other
Middle School:
Rome
High School:
Rome
Property Description
Awesome Primary Residence/Investment opportunity if the buyer will purchase only one residence (currently divided into 2 separate homes) or 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 minimum leasing rate for each unit is an average of $720/month or $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. However, if somebody would be interested to purchase only one duplex as a primary residence or less than six units as an investment, the seller agreed to work with the buyer to subdivide this property accordingly but the buyer should lead this effort and do "necessary legwork" for property legal separation. All duplexes are located in a quiet neighborhood, surrounded by trees with private backyards available for entertaining family and friends.
Exterior Features

Architectural Style Bungalow Construction Materials Frame Dock None Exterior Features Private Front Entry Fencing None Foundation Concrete Perimeter Horse Amenities None Land Lot 0 Lot Features Back Yard Other Structures None Parking Features On StreetParking Pad Patio And Porch Features None Pool Features None Road Surface Paved Road Type None Roof Type Composition Stories One And One Half View Other Waterfront Features None Window Features None

Interior Features

Additional Rooms Living Room Appliances DishwasherGas RangeRefrigerator Basement None Bedroom Features Other Cooling Central Air Dining Room Features None Fireplace Features None Flooring Hardwood Heating CentralElectricForced Air Interior Features Other Kitchen Features Eat-In KitchenOther Laundry Features Main Level Lower Bedrooms 0 Lower Full Baths 0 Lower Half Baths 0 Main Bedrooms 2 Main Full Baths 2 Main Half Baths 0 Master Bathroom Features Other Number Of Fireplaces 0 Upper Bedrooms 2 Upper Full Baths 0 Upper Half Baths 0

Property Features

Accessibility Features None Association YN No Carport Or Garage 0 Common Walls No One AboveNo One Below Community Features None Electric 110 Volts Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No Lake Name None Land Lease YN No Lot Size Dimensions X 0 Master Association Fee 0 Occupant Type Tenant Other Equipment None Owner Financing Yes Property Attached YN No Property Condition Updated/Remodeled Proposed Financing CashConventional Security Features None Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Tax Year 2021 Taxes 827.00 Type Single Family Residence Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of Realco Brokers, Inc..


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-05-28T09:05:25.587. For issues regarding this website, please contact BoomTown.
 
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