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$1,000,000

Beds
Unknown
sq ft
Unknown

3158 Martha Berry Hwy NE, Rome, GA 30165

3158 Martha Berry Hwy NE

Rome, GA 30165

  • 487 days on market
    • Price drop $300,000↓
Welcome to a unique opportunity to own a remarkable extended stay motel located on Martha Berry Highway in the charming city of Rome, GA. This property presents an exceptional investment prospect, boasting 15 units that cater to the growing demand for extended stay accommodations. Nestled conveniently along the highly sought-after Martha Berry Highway, this motel enjoys unparalleled visibility and accessibility as residents and guests are just moments away from a myriad of local attractions, including historic sites, vibrant dining establishments, and scenic parks. The property's strategic positioning offers easy access to major highways, ensuring seamless travel for all. Beyond the exceptional location, this extended stay motel presents an enticing investment opportunity. With the growing demand for extended stay options, you can capitalize on a market that seeks both comfort and convenience. The property's established reputation for quality service and its prime location will ensure a steady stream of clientele, promising attractive returns on your investment. Situated on over 1 acre along the highway with road frontage on two sides, this lot also presents exceptional upside for development within minutes of Rome Tennis Center (largest in the nation) and Berry College. Seize the opportunity to invest in a property that not only promises financial gain but also allows you to be a part of a thriving community. Contact us today to for more information!

Details

Property type

Est. home value

$710,158

Lot size

1.08 acres

Price per sq ft

Unknown

Year built

1952

Annual property taxes

$5,282

Price History

01/05/2024
FMLS

FMLS #7266175

Price change
$1,000,000
-23.08%
08/24/2023
FMLS

FMLS #7266175

Listed
$1,300,000

Schools & Community

Elementary school: 

Armuchee

Middle school: 

Armuchee

High school: 

Armuchee

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Patel Vinodchandra B

Loan start date

July 2005

Original loan amount

$30,000

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Commercial, 5 year

Seller

Bhupendra H Patel and Manixiben B Patel

Lender

Unity National Bank

Loan start date

July 2005

Original loan amount

$234,485

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Commercial, 5 year

Seller

Bhupendra H Patel and Manixiben B Patel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:10 AM

Listing updated: 08/16/2024 at 8:35 PM

Listed by: Hersh Shah, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7266175

FMLS logo

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