Bought with Tommy Cangelosi • Georgia Florida Real Estate Services
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901 E Moore Street Valdosta, GA 31601
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Key Details
Sold Price $90,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $32
Subdivision Multiple
MLS Listing ID 124111
Sold Date 04/02/21
HOA Y/N No
Annual Tax Amount $853
Tax Year 2020
Lot Size 0.540 Acres
Property Sub-Type Multi Unit
Property Description
Rare entry level investment for 4 rented doors available in this portfolio / package sale with steady and proven rental history. 2 single family residences and 1 duplex unit. Mixture of 1BR/1BA, 2/1 and 3/1 units with turn-key rental income to collect the day you close. Several long-term tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. Several interior and exterior upgrades made over the years including new roofs, appliances, fencing, HVACs, doors, etc. Locations are at 901 E Moore St, 725 E Brookwood, and 409 N Forrest St. Currently 4 doors at 100% occupancy at $1210 total monthly rent. 10.69% cap rate with 30% operating expense. One tenant is on Section 8 voucher. As-is where-is condition, some deferred maintenance built into the asking price. See rent roll in documents.
Location
State GA
Area 3-S Of Park Ave To E Oak St To S Hill Ave
Zoning R-6;R-10
Interior
Interior Features Other
Heating Other
Exterior
Exterior Feature Other
Pool None
Roof Type Shingle,Rolled/Hot Mop
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID multiple
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