225 Addington Dr, Rome, GA 30165

This remarkable property presents an exceptional investment opportunity for astute buyers seeking a versatile real estate option. This property offers flexibility for individual homebuyers or investors keen on owning a collection of six duplexes, totaling 24 bedrooms and 12 full bathrooms, available for an attractive package price of $1,220,000 ($203,333 per duplex).
Fully renovated and reconstructed in 2015, the entire property carries an effective age of less than 10 years, ensuring modernity and reduced maintenance concerns. Each duplex unit consists of a family room, two bedrooms, and a full bathroom, providing comfortable and convenient living spaces. Currently, these units command a leasing market rate of $925+ per month or an impressive annual income of approximately $104,000 for the entire complex (can be easy significantly improved if re-rented for market rate that is mostly below market rate now), boasting a steadfast 100% occupancy rate.
Regarding operational expenses, the seller shoulders approximately $5,500 annually for real estate taxes and property insurance. Notably, maintenance costs are minimal due to the comprehensive rebuilding undertaken by the owner/builder between 2014 and 2015.
Presently, all six duplexes are consolidated under a single legal deed, necessitating the collective sale of the entire property. However, the seller is open to subdividing the property should a buyer express interest in purchasing fewer units or a single duplex as a primary residence or investment. Any subdivision process will be the responsibility of the buyer, requiring liaising with relevant municipal authorities.
Nestled within a serene neighborhood adorned by lush trees, the property offers tranquil surroundings and private backyards, ideal for hosting gatherings and creating cherished moments with family and friends.
This opportunity seamlessly blends steady income potential, modern construction, and flexibility in ownership, promising a rewarding investment or residential prospect for discerning buyers.
This revised description aims to emphasize the property's versatility, investment potential, and the possibility of subdivision while highlighting the comfort and tranquility offered by the serene neighborhood and private backyard spaces.