Listing

Property Description:

Rare five unit townhouse complex located in the heart of Valdosta/Remerton. All 2BR/2.5BA floorplans are identical, each offering 2 upstairs bedrooms with private bathrooms. Living room, half-bath, and kitchen all downstairs with pass through real wood cabinets & countertops to see through to dining. Totally electric appliance package includes refrigerator, range/oven, dishwasher and W/D hookups. Carpet and vinyl throughout and each unit has a utility room and fenced partitions between back doors to offer tenant privacy. Units are individually metered for power and water, plenty of parking for residents and guests. 0.71 acre site with good rental history and recent updating now renting for $795/month! Lots of jobs, dining, entertainment all around. Valdosta State University (12,300 enrollment) less than 1 mile away! Proforma cap rate of 6.31% using $795 rents and 37% operating expense.