Package deal for 4 single-family homes all in same neighborhood with tremendous value-add potential. College Park subdivision is in high rental demand because of central Valdosta! South Georgia Medical Center & Valdosta State University N Campus - each only blocks away! Easy access to Moody AFB via Bemiss Road & shopping, jobs, schools, dining, entertainment all around these investment properties. 100% occupancy now - Addresses, BR/BA mix, and rents are: 417 Seymour St - 3/1 at $525, 2425 University Dr - 2/1 at $550, 2428 Knox Dr - 3/2 at $550, & 2405 Giddens Dr - 3/1 at $495. Several long-term residents at fixed rental rates and lease end dates approaching provides a rare value-add play to bump rents soon or when they turn! $2120/month current rents could conservatively bump to $2590/mo or more and put this at 8.56% proforma cap rate with 35% operating expense factor. Rent Roll avail.
|Style||Multi Family - 2-4 Units|