$24,900
●
Land -
For Sale
50 Wallace Drive
Rome, GA 30161
Studio
0 Bath
$137
Est. Monthly
About This Property
Investor's Dream - Fire-Damaged Property Sold As-Is. Unlock the
potential in this fire-damaged home, ideally suited for seasoned
investors, contractors, or ambitious renovators! Located in a
well-established neighborhood, this as-is sale offers a unique
opportunity to reimagine and rebuild a property or teardown and
build your new house on this great 0.41 acre lot. 0
Cave Spring is adjacent to this property and is also listed for
sale. Whether you're seeking a single lot or envisioning a larger
footprint, this dual-parcel sale provides versatility to match your
goals.
Unit Size
-
Days on Market
152 days
Land Size
0.41 acres
Price per sqft
-
Property Type
Land
Property Taxes
$14
HOA Dues
-
Year Built
1942
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (GAMLS #10765603)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Listed by eXp Realty | $24,900 | |
| Listed by eXp Realty | |||
| Mar 8, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 10, 2026 | Relisted | $29,900 | |
| Relisted | |||
| Dec 27, 2025 | No longer available | - | |
| No longer available | |||
| Jul 8, 2025 | Listed by EXP Realty, LLC. | $34,900 | |
| Listed by EXP Realty, LLC. | |||
| | |||
|
Investor’s Dream – Fire-Damaged Property Sold As-Is. Unlock the potential in this fire-damaged home, ideally suited for seasoned investors, contractors, or ambitious renovators! Located in a well-established neighborhood, this as-is sale offers a unique opportunity to reimagine and rebuild a property or teardown and build your new house on this great 0.41 acre lot.
0 Cave Spring is adjacent to this property and is also listed for sale. Whether you're seeking a single lot or envisioning a larger footprint, this dual-parcel sale provides versatility to match your goals.
| |||
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Property Highlights
Exterior Details
Lot Features: Private
Lot Size Area: 17859.6
Lot Size Units: Square Feet
Lot Size Acres: 0.41
Lot Size Square Feet: 17859.6
Water Source: Public
Financial Details
Tax Annual Amount: $168
Utilities Details
Sewer : Septic Tank
Location Details
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Floyd
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mike Price, eXp Realty
Last Updated: 6 months ago
Data Source: GAMLS, MLS# 10765603
Last Updated: 6 months ago
Data Source: GAMLS, MLS# 10765603
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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