GA
Floyd
Canton
30106
204 E 16th SW Street
204 E 16th SW Street, Canton, GA 30106
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Listing Type
Single Family
Listing Status
Coming Soon
1
$130,000

Home Details for 204 E 16th SW Street

Price
$130,000
Type
Residential
Bedrooms
3
Full Bathrooms
1
Square feet
1254
Year built
1940
Lot size acres
0.18
County
Floyd
Basement
None
MLS Listing#
10729968
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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Phone Available
    • Sewer Connected
    • Water Available
  • House Interior
    • Master Downstairs
    • High Speed Internet
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • Parking
    • None
  • Basement
    • None
School Information
School Information for 204 E 16th SW Street, Canton, GA 30106
Elementary School
Anna K Davie
Middle School
Rome
High School
Rome
Listing Courtesy: Coldwell Banker Realty - 770-429-0600
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EXIT TEAM REALTY
1755 The Exchange, Suite 204, Atlanta, GA 30339
Office
678 424 8300
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