Description

This property sells at auction and price shown is tax assessment by default and has no bearing on sale price. ROME, FLOYD COUNTY, GA (2) Income Producing Duplexes located at 95 A/B and 97 A/B North Ridge Court Investment Opportunity: Dual Income-Producing Duplexes in Rome, Floyd County, GA (K12Z 089): Presenting a lucrative investment opportunity in Rome, GA with two fully occupied duplexes located at 95 A/B and 97 A/B North Ridge Court. These properties offer stable rental income with excellent maintenance records and several recent upgrades, making them an appealing option for investors seeking to expand their portfolios. Property Details: Lot Size: The duplexes are positioned on a 1.7-acre lot, offering ample space and privacy for tenants. Units: Each duplex features two large bedrooms, one bathroom with a tub/shower combo, a living room, and a kitchen equipped with a stove, refrigerator, and dishwasher. Each unit also includes a breakfast area and laundry room. Location: Situated in a desirable residential area within the Model School District. Utilities: Each building is serviced by individual septic systems with access to water, natural gas, cable, and high-speed internet. Property Taxes: $3, 274 for 2023. Total Combined Rents: $2, 630 per month Zoning: Property Zoned SR (Suburban Residential) Notable Features and Upgrades: Windows in both duplexes were replaced with vinyl, double-hung models in 2018. Roofs on both duplexes were fully replaced in 2012 with durable architectural asphalt shingle. Exterior spaces include concrete patios for units 95A and 95B, and pressure-treated decks for units 97A and 97B. Flooring in the units is: 95A: LVP vinyl plank in all rooms, installed in 2019 95B: LVP vinyl plank in all rooms, installed in 2018 97A: LVP vinyl plank in all rooms, installed in 2023. This unit had a complete remodel in 2023 to include: new interior doors, toilet, vanity, mirror, appliances countertops, etc. 97B: Hardwood laminate in all rooms except for bathroom and kitchen, which have ceramic tile. Installed in 2017 Income Details: 95A: Current rent is $505.00 per month. Lease began 3/11/2005 and is currently month-to-month 95B: Current rent is $625.00 per month. Lease began 6/19/2019 and is currently month-to-month 97A: Current rent is $875.00 per month. Lease began 10/6/2023 and is locked until 10/6/2024, then reverts to month-to-month 97B: Current rent is $625.00 per month. Lease began 11/5/1018 and is currently month-to-month Investment Highlights: These duplexes represent a significant investment with consistent cash flow and minimal vacancy risks. The recent upgrades and long-term tenancies provide a stable investment that can continue to appreciate in value. Located in a community-oriented neighborhood and within a strong school district, these properties attract long-term residents. Whether you're a seasoned investor looking to diversify your real estate holdings or a new investor seeking a reliable entry point into the rental market, these duplexes in Rome, GA, offer a compelling opportunity with proven performance and potential for future growth. BIDDING: The auction will be conducted as a simulcast, offering the flexibility to participate either live in person or online, based on your convenience. TERMS AND CONDITIONS: Real Estate: 10% Buyer's Premium. 10% Down on Sale Day with the Balance Due on or Before 30 Days from Sale Day on ALL purchases, contact our office for details! CLOSING: The closing attorney will be Ted Corwwin with Brumlow, Corwin and Delashmit in Rome, Ga. For plats, brochures, or further sales information on this auction, contact our office

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Listed by: Lou Dempsey