x
Address
200 W Mary Street Valdosta, GA
Price
$ 495,000
Property Attributes
  • MLS#117482
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area3-S of Park Ave to E Oak St to S Hill Ave
  • NeighborhoodMary
  • Zip31601
  • StyleMulti Unit
  • Year Built1972
  • Taxes3946
  • Price$ 495,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage8820
  • Lot Size0.64 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Property Description

Rare opportunity to buy a turn-key apartment complex with fourteen 1BR/1BA units only a couple of blocks away from Valdosta State University (11,200 enrollment). 100% leased now, with many long-term tenants in place for multiple years. Combination of efficient 1BR/1BA floorplan, plenty of parking and convenient / centralized location close to VSU, downtown Valdosta, schools, jobs, entertainment, etc keep units in this complex in high demand. Low maintenance / repair costs for investors for this solid complex made up of two buildings with block construction, iron stairways and railings, and metal roof. Laundry facility on site for tenant use to increase income. Lots of upside potential here to raise rents over time --- already an 8.95% cap rate using actual financials over past 2 years.

Price History
4/16/2019 Listed $495,000

General Features

Construction Block, Frame, Wood Siding
Foreclosure Not Applicable
Total Sq Ft 8820

Interior Features

Appliances Other-See Remarks
Cooling Central Electric
Heating Central Electric
Interior Features Other-See Remarks

Exterior Features

Acreage 0.6400
Exterior Features None
Frontage Other-See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 31601

Price
AVG $340K
$500K
Taxes
AVG $1,973
$3,946
Visits
AVG 2
1
Year Built
AVG 1975
1972
Walkscore
AVG 56
61
Data Provided by Walkscore ® not using MLS data

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