Valdosta, GA 31602,* Thomwal St - 20 single family homes
Valdosta, GA 31602,* Thomwal St - 20 single family homes
Valdosta, GA 31602,* Thomwal St - 20 single family homes
18
Listed by John Courson • COLDWELL BANKER PREMIER REAL E
Bought with John Courson • COLDWELL BANKER PREMIER REAL E
$2,927,500
$3,495,000
16.2%
Est.Price: ?

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34,112 SqFt

* Thomwal St - 20 single family homes Valdosta, GA 31602

Est. payment /mo
SOLD DATE : 02/13/2025

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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

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agent

Jessica Ottaviano

Agent | License ID: 441812

+1(478) 396-6090

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