Listing

Property Description:

Fifteen 2 bedroom / 2.5 bath townhouse units tucked away at the end of quiet cul-de-sac in historic Remerton! Built in 2 phases - 9 units built in 1996 and 6 more added in 2004. Recently updated to attract highest quality tenants and premium market rents! Consistent high occupancy - currently 100%! All units have same large 1152 sf footprint with living room, kitchen with see through raised bar to dining room area, and 1/2-bath downstairs. Lots of real wood cabinets and counter space and each unit comes with fridge, range, dishwasher and W/D hookups. 2 big bedrooms upstairs each with a private bath and good closets. LVP, carpet and vinyl throughout. No major amenities or landlord expenses, units individually metered. Current rents are $720-$750/month but could be raised to $795+ easily. Valdosta State University less than 1 mile! Proforma cap of 6.84% at 36% OPEX & 5% vacancy factors.