Bought with John Courson • FIRST COMMERCIAL REAL ESTATE
For more information regarding the value of a property, please contact us for a free consultation.
3036 Ginny Drive Valdosta, GA 31602
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,330,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 22,143 sqft
Price per Sqft $60
Subdivision Multiple
MLS Listing ID 124589
Sold Date 08/18/21
HOA Y/N No
Annual Tax Amount $15,549
Tax Year 2020
Lot Size 2.280 Acres
Property Sub-Type Multi Unit
Property Description
Excellent investment opportunity to purchase a group of 19 rentals with turn-key income in place. Start collecting rent as soon as closing date for this package of single-family homes in well-known, established and sought after neighborhoods! 18 of 19 units currently rented with 1 vacant unit moving in a new tenant April 01. 6 houses on Ginny Drive, 7 on Lexington Circle, 2 in Blue Pool S/D and 2 on McAfina Trail - other locations are Pendleton Avenue and Gaynor Street. $13,710 monthly gross rents set this portfolio up at a 7.5% cap rate with 35% operating expense factor. All units individually metered for power and water. Full rent roll in documents, with more pictures and details to follow. Contact listing agent for details on actual financials. Seller prefers to sell entire package and not break up units by neighborhoods or locations.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning PRD
Interior
Interior Features Other
Heating Other
Exterior
Exterior Feature Other
Pool None
Roof Type Shingle
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID multi
Read Less