53 Wheeler Rd - Apartments FOR SALE


Rockmart, GA 30153
$2,600,000 USD
770-240-2001
53 Wheeler Rd, Rockmart, GA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/15
null | 7.16% Cap Rate

53 Wheeler Rd
Rockmart, GA 30153


HIGHLIGHTS

  • Income producing-Perfect for all portfolios-100 % rented
  • Unit Mix: 20 units/3 buildings, each 2-bedroom/1-bathroom
  • Lot Size: 7.18 acres with more than ample parking
  • Value-Add Potential: Opportunity for rent increases and property enhancements
  • Prime Location: Convenient access to Cedartown Hwy/Hwy 278 and local amenities
  • High Demand Market: Growing rental demand in Rockmart, GA

OVERVIEW

Seize this rare multi-family investment opportunity at 53-55 Wheeler Rd, Rockmart, GA. This 20-unit, single-story/ 3 building apartment complex offers strong, immediate rental income and long-term value appreciation. Two buildings comprise of 7 units each and one building has 6 units. Each apartment is 2 bedrooms and 1 bath, all electric, and roughly 865+-SF. Units are 100% leased and occupancy is stable. Updates and renovations to multiple units range from 2018-current (see uploaded document for details). Current seller added the asphalt road, and each building has on-site parking. PLEASE DO NOT DISTURB TENANTS PER SELLER REQUEST! Ideal for investors seeking consistent cash flow and potential for value-add improvements.   NOTE- The house shown in the photos can be purchased as well. 63-Wheeler Rd. 1 acre lot adjacent to the Apartments. ***Building 1 Roof 2024, and Building 2 Roof 2025, Building 3 Roof 2012. ***All Septic Systems have been recently pumped. This property offers immediate income and long-term appreciation potential. Perfect for 1031 exchange, portfolio expansion, or a cash-flow-focused investor. Please contact me to learn more about this exceptional investment opportunity!

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

20

PRICE/UNIT

$130,000

CAP RATE

7.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.18 AC

LAND SF

312,761 SF

ZONING

RA-8

APN/PARCEL ID

048-223

ASK ABOUT THIS PROPERTY

Michelle VastakisAtlanta Commercial Real Estate Brokers LLCMore Info
770-240-2001

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Michelle VastakisAtlanta Commercial Real Estate Brokers LLCMore Info
770-240-2001

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