204 E 16th ST E, Rome, GA 30106
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Dana Possick

Dana Possick

+1(404) 309-2930
$ 130,000
Est. payment /mo
Save
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204 E 16th ST E Rome, GA 30106

3 Beds

1 Bath

7,840 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7751064

Style Bungalow,Cottage

Bedrooms 3

Full Baths 1

Construction Status Resale

HOA Y/N No

Year Built 1940

Tax Year 2023

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

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 the 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.

Location

State GA

County Floyd

Lake Name None

Rooms

Bedroom Description Master on Main

Other Rooms None

Basement None

Main Level Bedrooms 3

Dining Room None

Kitchen None

Interior

Interior Features High Speed Internet

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Equipment None

Window Features Insulated Windows

Appliance Dishwasher, Electric Water Heater, Microwave, Refrigerator

Laundry In Hall

Exterior

Exterior Feature None

Parking Features None

Fence None

Pool None

Community Features None

Utilities Available Cable Available, Electricity Available, Phone Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Street Surface Asphalt

Accessibility None

Handicap Access None

Porch None

Private Pool false

Building

Lot Description Level

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage

Level or Stories One

Structure Type Aluminum Siding

Construction Status Resale

Schools

Elementary Schools Anna K. Davie

Middle Schools Rome

High Schools Rome

Others

Senior Community no

Restrictions false

Tax ID J14N 158

Ownership Fee Simple

Financing no

First Multiple Listing Service(FMLS)
Listed by Coldwell Banker Residential Real Estate, LLC

NEARBY SCHOOLS & PROPERTIES

Dana Possick

Dana Possick

Broker/REALTOR | License ID: 246701

+1(404) 309-2930

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