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MLS Number:
140358
List Price:
$3,650,000
Bedrooms:
# Full Baths:
# Partial Baths:
Area:
1-N of Baytree Rd to W Oak St (City Limits)
Historic District:
Direction:
Street #:
*
Street Name:
Thomwal St - 20 single family homes
City:
Valdosta
State:
GA
Zip Code:
31602
Garage Dimensions:
Carport Dimensions:
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Heating:
Central
Cooling:
Central Air
Water:
Public
Appliances:
Refrigerator, Electric Range, Dishwasher
Recreation:
Year Built:
HOA Fee:
No
HOA Fee $:
Interior Features:
Blinds
Exterior Features:
None
Parking:
3+ Cars
Pool:
Restrictions:
Property Type:
Investment
Property Description:
Rare chance to acquire a portfolio of 20 single family residential homes all at one time! Proven rental history, full occupancy AND value-add potential here make this a once-in-a-career type of investment opportunity for this Class B+ portfolio! These homes are located mostly in the heart of Valdosta in or around established and well-known neighborhoods. Each home has unique characteristics, aesthetics, and curb appeal that make them desirable and quick to re-lease when they turn and / or for re-sale. Well-cared for, several have had updates over the years with many long term tenants in place now on month to month terms. Multiple ways to make money - Buy and hold and raise below-market rents OR peel off 1-2-3 at a time and sell individually at premium price points. $107/sf bulk portfolio price point is well under the $140-$150+/sf prices many of these homes would individually command in current locations and conditions. Monthly rents are $27, 845 with complete rent roll and locations available to qualified prospects. 5 homes on Thomwal St, 4 on Jerry Jones / Gornto with majority of others in neighborhoods in Area 1 (Terrace, Azalea, McRee, Berkley, Pineridge, Lakeview, Maplewood, Briarcliff, Brookwood Circle, Sedgwyck, Wayland Park). All homes have central HVAC and city utilities paid directly by the tenants and are self-managed by seller's in house PM team.
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