Last Sold Price
24 beds
223 Addington Dr, Rome, GA 30165

Description

Awesome Investor’s opportunity to own six duplexes (24 bedrooms and 12 full bathrooms) for a total of $1,220,000 ($203,333X6) with steady income and 100% occupancy rate. All buildings were improved/rebuilt in 2015 with the current effective age to be less than 10 years old. Each duplex has two units with a family room, two bedrooms and one full bathroom in each household. During the due diligence period the seller can meet with you and your buyer at his office in Chamblee. He can provide you with...Awesome Investor’s opportunity to own six duplexes (24 bedrooms and 12 full bathrooms) for a total of $1,220,000 ($203,333X6) with steady income and 100% occupancy rate. All buildings were improved/rebuilt in 2015 with the current effective age to be less than 10 years old. Each duplex has two units with a family room, two bedrooms and one full bathroom in each household. During the due diligence period the seller can meet with you and your buyer at his office in Chamblee. He can provide you with all of the paperwork related to the extensive improvements that were made to these duplexes, which were almost completely rebuilt from the ground up in 2015-2016. As a builder, he has a thorough record of the exact improvements and costs involved in the reconstruction process. Currently I just helped him to lease two of his available units (for $895.00/month (a few month ago) and for $925.00/month (a couple of months ago). The demand in this price range is overwhelming. If we recalculate CAP rate with the last market rent of $925.00 per month for all units, we will see the pro-forma CAP rate increase up to 9.6% and it's not the highest possible return which can be improved upward further. In the present time all six duplexes are combined into one legal deed so they have to be sold all together. All duplexes are located in a quiet neighborhood, surrounded by trees with private backyards available for entertaining family and friends.
LISTING CLOSED: 06/10/2024 12:00 AM

  1. Listed by Igor Arkhipov • Realco Brokers, Inc.

Property Details for 223 Addington Drive

Status
MLS #
7318232
Days on Market
65
Taxes
$4,757 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1930
Lot Size
1.43 AC / 62,290 SF
Subdivision Complex
None
Parking Features
Level Driveway
Property Attached
No
Waterfront Features
None

Location

Listing Courtesy of Realco Brokers, Inc., Igor Arkhipov

Sold By Keller Knapp, Elena Saro

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Building Information for 223 Addington Drive

Stories1Residences12Year Built1930Building Size-Lot Size1.43 AC / 62,290 SF

Payment Calculator

$1,456 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,060

Property Taxes

$396

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 223 Addington Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: Please use GPS
  • Lake Name: None
  • View: Other
  • Coordinates: -85.221967, 34.29116
Taxes and HOA Information
  • Parcel Number: H12Z 607
  • Tax Year: 2022
  • Association: No
  • Block: 0
  • Tax Legal Description: LTS 48-52 BATTEY BABY FMS PB 2-118 LL 89 4/4
  • Tax Lot: 0
School Information
  • Elementary School: Floyd - Other
  • High School: Rome
  • Middle School: Rome
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $4,167.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central, Electric, Forced Air
  • Flooring: Laminate
  • Levels/Stories: One and One Half
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Frame
  • Dock: None
  • Fencing: None
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Proposed Financing: 1031 Exchange, Cash, Conventional, Owner Second, Other
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 0
  • Lot Features: Level
  • Acreage Source: Public Records
  • Lot Size Dimensions: x 0
Multi Family
Multi-Family Information
  • Unit Count: 12
  • NUM OF UNITS: 12
Unit 1
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $855.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 2
  • Unit Deposit Amount: $1,200.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $815.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 3
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $855.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 4
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $825.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 5
  • Unit Deposit Amount: $.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $825.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 6
  • Unit Deposit Amount: $685.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $895.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 7
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $815.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 8
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $830.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 9
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $925.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 10
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $825.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 11
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $810.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Unit 12
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $715.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Rental
Rent Information
  • Terms: Other
  • Occupant Types: Tenant

Schools near 223 Addington Drive

This home is within Rome City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
West Central Elementary School
PublicPK to 6

Rome Middle School
Public7 to 8

Rome High School
Public9 to 12

West End Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 223 Addington Drive, Rome, GA 30165
$208,500
24
62,290
$115,000
60,112
$97,000
1,305
11,326
$89,900
2
1,170
12,632
2
1,543
26,572
2
1,466
15,246

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realco Brokers, Inc., Igor Arkhipov

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.