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Incredible Value-Add Investor Opportunity in Rome, GA! 10-unit brick complex at 3 Orlystus Dr SW, minutes from Downtown Rome, Coosa Country Club, and Shorter University. Offered at only $500,000-$540,000, this property is priced well below stabilized market value-with projected after-repair value (ARV) over $1,000,000+. Current unit mix: 10 spacious 1BR/1BA units with central HVAC, assigned parking, and strong rental demand in the immediate area. Pro Forma Cap Rate: 13-14% after minor renovation Upside: Estimated $140,000 in improvements needed to achieve full stabilization Market Rents: $1,000-$1,200 per month/unit achievable Location: 2 blocks from the river bridge into Downtown Rome, 1 block from Coosa Golf Course, near hospitals, shopping, and transit. Perfect for investors seeking: High cash-on-cash returns Value-add multifamily with proven upside Future refinance potential or long-term cash flow hold Call today-this kind of deal doesn't last!
| DAYS ON MARKET | 1 | LAST UPDATED | 7/16/2025 |
|---|---|---|---|
| TRACT | Pennington Surv | YEAR BUILT | 1970 |
| COUNTY | Floyd | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Anna K Davie |
|---|---|
| Jr. High School | Rome |
| High School | Rome |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Brick, Other, Stucco |
| HEAT | Electric, Forced Air |
| LOT | 1 acre(s) |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Pennington Surv |
| TAXES | 6334.15 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Carnegie Cap
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Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
