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Contact Information
VICKY KNOWLES
COLDWELL BANKER PREMIER REAL ESTATE
1108 GORNTO ROAD
VALDOSTA
GA
31602
229-251-8169
Cell
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Listing Details
MLS Number:
142878
List Price:
$3,100,000
Bedrooms:
# Full Baths:
# Partial Baths:
Area:
5-N side hwy 84 in Lowndes Co.
Historic District:
No
Direction:
Street #:
4100
Street Name:
Mulligan Manor Lane
City:
Valdosta
State:
GA
Zip Code:
31605
Garage Dimensions:
Carport Dimensions:
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Heating:
Central, Electric
Cooling:
Central Air, Electric
Water:
Public
Appliances:
Refrigerator, Electric Range, Dishwasher
Recreation:
Year Built:
2013
HOA Fee:
No
HOA Fee $:
Interior Features:
Insulated, Blinds, Cable TV Available, Ceiling Fan(s), Other
Exterior Features:
Handicap Access
Parking:
3+ Cars
Pool:
None
Restrictions:
Property Type:
Multi Unit
Property Description:
Rare opportunity to buy 11 luxury living duplexes w/ close proximity to Moody Air Force Base in Valdosta GA. 22 doors total, each with 3BR/2BA in controlled/private setting. Recent updates include canned lighting, subway tile backsplash to accent real wood cabinets with refrigerator, range with micro-hood, d/w, and W/D hook-ups. Carpet/tile/stained concrete throughout, walk-in closets, trim, front and back porches & wooden fence buffers for privacy. All units are ADA compatible with wide doors, hallways & roll-in showers. Could divide and sell individual condos / duplexes to maximize ROI. Recent upgrades and desirable N Lowndes Co. location put these units in high demand w/ rents trending upwards. Always at 95-100% occupancy - Proforma cap rate is 6.87% with market rents at $1250/mo and 30% OPEX factor! Jobs, schools, entertainment, recreation, shopping, dining, retail etc all around this location! Turn-key AND Value-add opportunities for this solid and proven investment property in excellent location!
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