Listing

Property Description:

Proven history for this 30 unit, 2BR/1.5 bath townhome investment in the heart of Valdosta directly between Valdosta State University (12,300 enrollment) and the Valdosta Mall. Recently updated units include new luxury vinyl plank flooring, countertops, bathroom vanities and fixtures, etc. Excellent layout includes living room w/ see through bar top into kitchen, half bath downstairs. Front and back porch areas with small outside storage room. 2 large bedrooms upstairs have carpet and large closets, full bath with tile and smaller linen / storage closets throughout. Fenced, low maintenance brick and vinyl siding. Rents are being bumped to $725/unit because of high demand. All electric appliances included - refrigerator, dishwasher, range, disposal, central HVAC & W/D hookups. Units individually metered for power and water. Proforma cap rate of 7.47% at $725/unit with 40% OPEX.