Listing
1611 Victory Drive
Remerton, GA MLS: 127132
Source: South Georgia MLS
Listing Last Updated: 12-20-2021 07:12
IDX Listing Data Update Time: 10-31-2024 08:10
Property Description:
Excellent return and affordability for 2 duplex units (4 doors) located in the heart of Valdosta/Remerton. Two 1BR/1BA floorplans in front and two 2BR/1BA units in back. Totally electric appliance package includes refrigerator, range/oven, dishwasher. Metal roofs and units are individually metered for power and water (tenant responsibility), plenty of parking for residents and guests on this 0.38 acre site. Good rental history, most recently rented units bumping to $525/month or more! Lots of jobs, dining, entertainment all around. Sold as-is, no seller financing. One unit will need some flooring work, ask PM for details. Proforma cap rate of 8.63% using $525 rents and 35% operating expense.