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1410 Cave Spring Rd Sw 12 Unit Apartment Building $1,721,112 CAD ($143,426 CAD/Unit) 8.65% Cap Rate Rome, GA 30161
INVESTMENT HIGHLIGHTS
- Attached Laundramat
- Desirable Unit Mix
- Outdoor Parking
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,721,112 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $143,426 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.65% | Building Size | 8,900 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Zoning | Multifamily - C-C Community Commercial | ||
| Price | $1,721,112 CAD |
| Price Per Unit | $143,426 CAD |
| Sale Type | Investment |
| Cap Rate | 8.65% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,900 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | Multifamily - C-C Community Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 600 |
| 2+1 | 2 | - | 700 |
| 3+1 | 1 | - | 800 |
1 1
PROPERTY TAXES
| Parcel Number | I15W-144 | Improvements Assessment | $370,200 CAD |
| Land Assessment | $37,652 CAD | Total Assessment | $407,853 CAD |
PROPERTY TAXES
Parcel Number
I15W-144
Land Assessment
$37,652 CAD
Improvements Assessment
$370,200 CAD
Total Assessment
$407,853 CAD
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1410 Cave Spring Rd Sw
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