300 Waddell St NE - Apartments FOR SALE


Rome, GA 30161
$499,000 USD
706-660-5418
300 Waddell St NE, Rome, GA for Sale
$499,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

300 Waddell St NE
Rome, GA 30161


OVERVIEW

This unique investment opportunity in Rome, GA, presents a partially completed conversion of a former 28-unit apartment community into a 13-unit townhome development. Upon completion, each townhome will feature a spacious four-bedroom, two-bathroom layout with over 1,600 square feet of living space. The next owner will have the flexibility to either lease the units as a rental community or sell them individually, capitalizing on the strong demand for quality housing in the area. Market comps suggest potential rental income of approximately $1,800 per unit or an estimated sales price between $225,000 and $250,000 per townhome. This project offers an exceptional value-add opportunity for investors or developers looking to move forward with the conversion and maximize rental income or exit via individual unit sales. The plans for the community have been approved for the next owner to move forward immediately. This is an excellent chance to step into a promising investment in a high-growth market. Please notify listing agent and use caution when viewing the property.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

13

PRICE/UNIT

$38,385

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

M-R

APN/PARCEL ID

J13I-066

ASK ABOUT THIS PROPERTY

Troy ReynoldsNAI G2 CommercialMore Info
706-660-5418

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Troy ReynoldsNAI G2 CommercialMore Info
706-660-5418

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