Listing

Property Description:

Three duplexes (6 units) all sold together, as-is. 1307 A&B, 1305 C&D, 1303 E&F Dean Lane. 5 of 6 currently rented at $375/mo avg. All units1-br/1-ba, in short supply & very high demand here. Lots of upside value & higher rents easily obtainable in this under-performing sleeper investment property. Bring your strong & smart ownership & management experience, add some strategic minor repairs & upgrades, & create new value for your portfolio. Located in Remerton, the rental property capital of Valdosta & South GA -- a very popular VSU student-oriented village surrounded by Valdosta with quick & easy access to Mall & I-75. Very nice, quiet, peaceful setting, on short cul-de-sac, lots of shade trees all around. No operating history or P&Ls available. $2018 taxes $2,085. All utilities separated, some or all laundry hookups. Pro-forma cap 10.8% ($450/mo less 35% OpEx & vacancy) at full price.