Bought with John Courson • COLDWELL BANKER PREMIER REAL E
For more information regarding the value of a property, please contact us for a free consultation.
434 University Drive Valdosta, GA multiple
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 $550,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 15,477 sqft
Price per Sqft $35
Subdivision Multiple
MLS Listing ID 134891
Sold Date 07/07/23
HOA Y/N No
Annual Tax Amount $5,449
Tax Year 2022
Lot Size 3.160 Acres
Property Sub-Type Multi Unit
Property Description
Entry level price point for turnkey rental income in place here for a stabilized portfolio of properties at well below replacement costs! 15 rented single-family homes and 1 develop-able lot provide steady and proven rental history. Mixture of 2BR/1BA, 3/1, & 4/2 units. Longer-term month to month tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. Addresses include 730, 755, 823, & 825 E Brookwood Dr, 735 & 746 Lausanne Dr, 1109 & 1713 Marion St, 434 University Dr, 204 Hollywood St, 733 E Jane St, 810 Penny Pl (DW Mobile home), 816 Stillwater Dr, 912 Nardo St, & 709 N Troup St. Proforma rents total $9,925 monthly gets a proforma 12.01% cap rate with 40% operating expense factor! See rent roll in documents or contact listing agent. Some deferred maintenance expected but already built into asking price.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning R6&10
Interior
Interior Features Other
Heating Other
Exterior
Exterior Feature None
Pool None
Roof Type Shingle
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID multiple
Read Less