1410 Cave Spring Rd Sw - Apartments FOR SALE


Rome, GA 30161
$1,250,000 USD
404-422-7472
1410 Cave Spring Rd Sw, Rome, GA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/11
null | 8.65% Cap Rate

1410 Cave Spring Rd Sw
Rome, GA 30161


HIGHLIGHTS

  • Attached Laundramat
  • Outdoor Parking
  • Desirable Unit Mix

OVERVIEW

De La Rosa Group is pleased to exclusively offer for sale The Cave Spring 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. Heavy work has been completed to the property, lowering investors initial capital expenditure.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

8.65%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Multifamily

APN/PARCEL ID

I15W-144

ASK ABOUT THIS PROPERTY

Jose De La RosaUC Premier PropertiesMore Info
404-422-7472

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Jose De La RosaUC Premier PropertiesMore Info
404-422-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.