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Property Description

Built in 1940 and sitting on a 0.18-acre lot in Rome, GA, this well-maintained 3-bedroom, 1-bath single-family residence delivers immediate rental income with a qualified tenant in place at $1,200/month. That's $14,400 in gross annual rent against a $130,000 asking price - a gross rent multiplier of just 9.0x with a potential cap rate north of 8%. The current owner has maintained this property with care: a metal roof speaks to the long-term stewardship that keeps a 1940s build standing strong. No HOA means no rent restrictions and no additional overhead eating into returns. At approximately $1,080 in annual property taxes, carrying costs stay lean. Seller has never occupied the property. Buyers are encouraged to conduct their own independent due diligence during the inspection period. Rome, GA continues to draw investor attention as a growing NW Georgia market anchored by Berry College, Shorter University, and Georgia Northwestern Technical College - consistent renter demand built right in.

Overview

Property Status
For Sale
Lot Size
7,840.8 Sq.Ft.
MLS ID
10729968
Property Type
Residential
Year Built
1940

Features & Amenities

Total Area
1,254 Sq.Ft.
Architecture Styles
Bungalow/Cottage
Stories
1
Water Source
Public
Utilities
Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Connected, Water Available
Roof
Composition
Lot Features
Level
Parking
None
Heat Type
Central
Air Conditioning
Central Air
Laundry Room
In Hall
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Other Interior Features
Master On Main Level
Sewer
Public Sewer
Elementary School
Anna K Davie
Middle School
Rome
High School
Rome
Sales Price
$130,000
Real Estate Tax
$1,088/yr

Downloads

204 E 16th Street SW

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Thank you

for your interest in 204 E 16th Street SW, Rome, GA 30161

204 E 16th Street SW
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  • Buyers are encouraged to conduct their own independent due diligence during the inspection period.

    Trivon Thompson

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204 E 16th Street SW

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