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300 Waddell St NE
Rome, GA 30161
Multifamily Property For Sale
·
13 Units
Executive Summary
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.
Please notify listing agent and use caution when viewing the property.
Property Facts
| Price Per Unit | $39,353 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 13 | Building Size | 20,600 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low-Rise | ||
| Zoning | M-R - Residential Multi-Family | ||
| Price Per Unit | $39,353 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 20,600 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | M-R - Residential Multi-Family |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | - |
Property Taxes
| Parcel Number | J13I-066 | Improvements Assessment | $157,660 CAD |
| Land Assessment | $87,666 CAD | Total Assessment | $245,326 CAD |
Property Taxes
Parcel Number
J13I-066
Land Assessment
$87,666 CAD
Improvements Assessment
$157,660 CAD
Total Assessment
$245,326 CAD
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