$650,000
Special Offer:
(If you do not have an agent and work directly with the listing agent)
No
About This Home
Attention Investors! Excellent opportunity to acquire an 8-unit multifamily property in a high-demand rental area of Valdosta. Built in 1979 on a 0.77-acre lot, this well-maintained property offers approximately 970 SF per unit with identical two-story layouts. Each unit features a living room, kitchen, and half bath downstairs, with two bedrooms, a full bath, and a laundry area upstairsa??washer and dryer included. Current gross monthly rent is $5,945, with all units fully leased. Rents are below market, presenting clear upside, with market rates estimated at $1,100/month for renovated units. Four units have received partial updates, including LVP flooring, updated lighting, fresh paint, carpet in bedrooms and new appliances. Tenants pay all utilities. Roof was replaced in 2017 and maintained as needed. The parking lot has been resurfaced and striped, providing ample private parking for tenants. Located minutes from Valdosta State University, downtown, shopping and Moody Air Force Base. Strong rental history and professional management make this a turn-key income property with long-term value-add potential. Rent roll and investor summary available with proof of funds or pre-approval letter.
Location
1197 Jo Ree Rd Valdosta, GA 31601
Listing Agent
