Bought with Tommy Cangelosi • Georgia Florida Real Estate Services
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3044 Ginny Drive Valdosta, GA 31602
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Key Details
Sold Price $344,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 4,696 sqft
Price per Sqft $73
Subdivision Multiple
MLS Listing ID 126621
Sold Date 01/05/22
HOA Y/N No
Annual Tax Amount $4,185
Tax Year 2020
Lot Size 0.540 Acres
Property Sub-Type Multi Unit
Property Description
Small package of single-family rentals with turnkey income in place. 4 single-family homes in this package deal. Located at end of quiet cul-de-sac. Excellent rental history and upward trending rents. 3044, 3045, 3048, & 3049 Ginny Dr. All have 3/2 floorplans with big living rooms / bedrooms. Open kitchen / dining areas with back porch & wooded buffer across back yards for peace, quiet, & privacy. Easy control of several affordable rentals all in one great location. Recent capital improvements include roofs, HWHs, electrical updates, etc. Market rents at $895/mo and 35% OpEx/Vacancy factor indicate a 8.1% pro-forma cap rate at $344,000 sold price.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning Multiple
Interior
Interior Features Other
Heating Central, Electric
Exterior
Exterior Feature Other
Pool None
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID Multiple
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