53 Wheeler Rd 20 Unit Apartment Building $2,550,000 ($127,500/Unit) 7.30% Cap Rate Rockmart, GA 30153
INVESTMENT HIGHLIGHTS
- Income producing-Perfect for all portfolios-100 % rented
- Lot Size: 7.18 acres with more than ample parking
- Prime Location: Convenient access to Cedartown Hwy/Hwy 278 and local amenities
- Unit Mix: 20 units/3 buildings, each 2-bedroom/1-bathroom
- Value-Add Potential: Opportunity for rent increases and property enhancements
- High Demand Market: Growing rental demand in Rockmart, GA
EXECUTIVE SUMMARY
Seize this rare multi-family investment opportunity at 53-55 Wheeler Rd, Rockmart, GA. This 20-unit, single-story/ 3 building apartment complex offers strong, immediate rental income and long-term value appreciation. Two buildings comprise of 7 units each and one building has 6 units. Each apartment is 2 bedrooms and 1 bath, all electric, and roughly 865+-SF. Units are 100% leased and occupancy is stable. Updates and renovations to multiple units range from 2018-current (see uploaded document for details). Current seller added the asphalt road, and each building has on-site parking. PLEASE DO NOT DISTURB TENANTS PER SELLER REQUEST!
Ideal for investors seeking consistent cash flow and potential for value-add improvements.
NOTE- The house shown in the photos can be purchased as well. 63-Wheeler Rd. 1 acre lot adjacent to the Apartments.
***Building 1 Roof 2024, and Building 2 Roof 2025, Building 3 Roof 2012.
***All Septic Systems have been recently pumped.
This property offers immediate income and long-term appreciation potential. Perfect for 1031 exchange, portfolio expansion, or a cash-flow-focused investor.
Please contact me to learn more about this exceptional investment opportunity!
Ideal for investors seeking consistent cash flow and potential for value-add improvements.
NOTE- The house shown in the photos can be purchased as well. 63-Wheeler Rd. 1 acre lot adjacent to the Apartments.
***Building 1 Roof 2024, and Building 2 Roof 2025, Building 3 Roof 2012.
***All Septic Systems have been recently pumped.
This property offers immediate income and long-term appreciation potential. Perfect for 1031 exchange, portfolio expansion, or a cash-flow-focused investor.
Please contact me to learn more about this exceptional investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,550,000 |
| Price Per Unit | $127,500 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 7.18 AC |
| Building Size | 17,304 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2002/2022 |
| Zoning | RA-8 - Multi Family Dwelling |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Kitchen
- Granite Countertops
- High Speed Internet Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $1,050 | 865 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $501,102 | |
| Land Assessment | $92,232 | Total Assessment | $593,334 |
