87 Salem Drive Northwest

Sold 11/28/16
Sold 11/28/16
Gallery Image 1
Sold
Last Sold Price
$200,000
87 Salem Dr NW, Rome, GA 30165
Multi FamilyProperty Type
1979Year Built

Description

6 Units (1 duplex and 1 quadruplex); 2 bedrooms and baths. All brick, one story. The owner has refreshed these apartments in 2013. All financials and rent rolls are available. The units are managed by a local property management firm. Very little turnover. Clean. Neat exteriors; good curb appeal. The Owner has a total of three complexes, totaling 38 units. Two of the complexes are in western Floyd County and consist of 26 total units. The owner desires selling the complexes as a whole but will consider...6 Units (1 duplex and 1 quadruplex); 2 bedrooms and baths. All brick, one story. The owner has refreshed these apartments in 2013. All financials and rent rolls are available. The units are managed by a local property management firm. Very little turnover. Clean. Neat exteriors; good curb appeal. The Owner has a total of three complexes, totaling 38 units. Two of the complexes are in western Floyd County and consist of 26 total units. The owner desires selling the complexes as a whole but will consider selling Floyd County complexes separately. The list price for all 38 units (3 complexes) is $1,723,680.
  • Listed by: Craig McDaniel • Toles, Temple & Wright, Inc.
Listing closed: 11/28/2016 05:00 AM • Source: GAMLS, MLS#: 7615449

Recent comparable sales

Median sold price

$242,500

Avg days on market

72

Sale-to-list ratio

93.7%

Rome, GA

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Location

Listing Courtesy of Toles, Temple & Wright, Inc., Craig McDaniel

Sold By Randolph-Williamson, LLC, Brenda Lawing

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$1,343 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,017

Property Taxes

$326

HOA Dues

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Property Information for 87 Salem Drive Northwest

Property Details
  • MLS Type: Residential Income / Duplex
  • County: Floyd County
  • Subdivision: None
  • Parking: Assigned
Building Information
  • Stories: 1
  • Residences: 6
  • Year Built: 1979
Summary
Location and General Information
  • Area: FLD1
  • Elementary School: Garden Lakes
  • ES Bus: Yes
  • High School: Coosa
  • High School Bus: Yes
  • Middle School: Coosa
  • Middle School Bus: Yes
  • Directions: From Rome, take Hwy 20 west to Salem Dr. The units area less than 1/4 mile on the left, directly across from Lakeview Baptist Church.
Taxes and HOA
  • Parcel Number: G13X 135
Owner
  • Owner Pays: Trash Collection, Other, Sewer, Water
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 0
  • Laundry Features: In Unit
  • Basement Description: None
Property
Utilities
  • Cooling: Electric, Central Air
  • Heating Type: Electric, Central
  • Water/Sewer: Septic Tank
  • Utilities: Electricity Individual Meters
Property and Assessments
  • Tax Year: 2015
  • Construction: Brick
  • Stories: One
  • Property Condition: Resale
Lot Information
  • Land Lot: PTL2
  • Structure: Duplex, Quadruplex
  • Foundation Details: Slab
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Fuel Expense: $.00
  • Annual Gross Income: $38,940.00
  • Annual Operating Expense: $28,000.00
  • Annual Maintenance Expense: $900.00
  • Insurance Expense: $2,880.00
  • Water Sewer Expense: $3,132.00
  • Electric Expense: $.00
Unit 1
  • Unit Type Description: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $525.00
  • Unit Type Features: Dishwasher, Range/Oven, Refrigerator, Smoke/Fire Alarm, Dining Room, Living Room, Other
  • Unit Type Type: 1
Unit 2
  • Unit Type Description: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $575.00
  • Unit Type Features: Dishwasher, Range/Oven, Refrigerator, Smoke/Fire Alarm, Dining Room, Living Room, Other
  • Unit Type Type: 2
Unit 3
  • Unit Type Description: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $525.00
  • Unit Type Features: Dishwasher, Range/Oven, Refrigerator, Smoke/Fire Alarm, Dining Room, Living Room, Other
  • Unit Type Type: 3
Unit 4
  • Unit Type Description: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $495.00
  • Unit Type Features: Dishwasher, Range/Oven, Refrigerator, Smoke/Fire Alarm, Dining Room, Living Room, Other
  • Unit Type Type: 4

Property History for 87 Salem Drive Northwest

DateEvent & SourcePriceAppreciation
Nov 29, 2016

Sold (Public Record)

Public Record #588476282

$200,000

+12.2% / yr

Feb 3, 2012

Sold (Public Record)

Public Record #422647300

$115,000—
Feb 3, 2012

Sold (Public Record)

Public Record #324304793

$115,000—
DateEvent & SourcePrice
11/29/2016

Sold (Public Record)

Public Record #588476282

$200,000

+12.2% / yr

02/03/2012

Sold (Public Record)

Public Record #422647300

$115,000
02/03/2012

Sold (Public Record)

Public Record #324304793

$115,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 87 Salem Drive Northwest

Taxable ValueLand$8,122Additions$128,484Total$136,606
Tax Record2025$3,913 ($326 / month)
Home Facts
Baths2Total Finished SqFt1,775 SqFtAbove Grade Finished SqFt1,775 SqFtStories1Lot Size16,117 SqFtStyleDuplexYear Built1978ZoningS-RCountyFLOYDAPNG13X- -135 -Fireplace TypeHas Fireplace

Schools near 87 Salem Drive Northwest

This home is within Floyd County School District.
Rating
School
Type
Grades
Distance
Coosa Middle School
Public - 5 to 7
Coosa High School
Public - 8 to 12
Garden Lakes Elementary School
Public - PK to 4
Alto Park Elementary School
Public - PK to 4
Rating
School
Distance
Coosa Middle School
Public5 to 7

Coosa High School
Public8 to 12

Garden Lakes Elementary School
PublicPK to 4

Alto Park Elementary School
PublicPK to 4

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: 87 Salem Drive Northwest, Rome, GA 30165
$200,000
–
–
–
–
87 Salem Drive Northwest, Unit 2, Rome, GA 30165
$115,000
–
–
–
37,461
80 Salem Drive Northwest, Rome, GA 30165
–
–
–
–
–
141 Salem Drive Northwest, Rome, GA 30165
$156,100
3
1,670
24,393
157 Salem Drive Northwest, Rome, GA 30165
$22,000
7
1
1,437
19,602
1 Villamar Street Northwest, Rome, GA 30165
$203,000
4
1,640
32,670

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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 Toles, Temple & Wright, Inc., Craig McDaniel

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, Tiftarea 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, Tiftarea 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.