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Commercial Property

222 Wilshire RD NE, Rome Sold

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This property has been sold and is no longer accepting inquiries. It remains listed for reference.
Asking price
$1,275,000
Price / SF
$137.42
Cap rate
Sale type
Property type
Property subtype
Building class
Building size
9,278 sq ft
Year built
1995
NOI
Tenancy
Building height
Building FAR
Lot size
4.72 acres
Zoning
M-R
Frontage
Listing #
EN-2570
MLS #
10674859

This well-maintained multifamily property offers a rare opportunity to acquire a fully occupied, all-brick apartment complex in Rome, Georgia. The property consists of 11 units, including ten one-bedroom/one-bath residences and one two-bedroom/two-bath residence. Units are currently 90% leased, providing immediate and stable cash flow. Each unit features private outdoor living space, either a patio or deck, and benefits from individual attached garages. Utilities are separately metered, minimizing owner expenses and enhancing operational efficiency. The property is further distinguished by an on-site lake, with tenant access for recreational use-an uncommon amenity that adds long-term appeal and tenant retention. Buyers may preview the vacant unit prior to offers. Showings on the occupied units will be permitted only after a contract is fully executed and binding. Owner of this property is a licensed broker in the state of Georgia.

Location

GAMLS
Listed by Hardy Realty & Development Company
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10674859

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