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.
* Thomwal St - 20 single family homes 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 $2,927,500
Property Type Multi-Family
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 34,112 sqft
Price per Sqft $85
Subdivision Multiple
MLS Listing ID 140358
Sold Date 02/13/25
HOA Y/N No
Annual Tax Amount $37,696
Tax Year 2023
Property Sub-Type Investment
Property Description
Rare chance to acquire a portfolio of 20 single family residential homes all at one time! Proven rental history, full occupancy AND value-add potential here make this a once-in-a-career type of investment opportunity for this Class B+ portfolio! These homes are located mostly in the heart of Valdosta in or around established and well-known neighborhoods. Each home has unique characteristics, aesthetics, and curb appeal that make them desirable and quick to re-lease when they turn and / or for re-sale. Well-cared for, several have had updates over the years with many long term tenants in place now on month to month terms. Multiple ways to make money - Buy and hold and raise below-market rents OR peel off 1-2-3 at a time and sell individually at premium price points. $102/sf bulk portfolio price point is well under the $140-$150+/sf prices many of these homes would individually command in current locations and conditions. Monthly rents are $30,705 with complete rent roll and locations available to qualified prospects. 5 homes on Thomwal St, 4 on Jerry Jones / Gornto with majority of others in neighborhoods in Area 1 (Terrace, Azalea, McRee, Berkley, Pineridge, Lakeview, Maplewood, Briarcliff, Brookwood Circle, Sedgwyck, Wayland Park). All homes have central HVAC and city utilities paid directly by the tenants and are self-managed by seller's in house PM team. Seller WILL now consider selling individual properties out of the whole portfolio, contact listing agent for info on smaller package listings.
Location
State GA
Area 1-N Of Baytree Rd To W Oak St (City Limits)
Zoning multiple
Interior
Interior Features Blinds
Heating Central
Exterior
Exterior Feature None
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID multi
Read Less