Views - New Construction
Address
201-209 Gard Street Valdosta, GA
Price
$ 124,900
Property Attributes
- MLS#118923
- TypeLand
- CountyLOWNDES
- CityValdosta
- Area2-N of Park Ave to E Oak St
- NeighborhoodJo Ree
- Zip31602
- StyleResidential
- Taxes300
- Price$ 124,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.4 Acres
Listing Provided Courtesy Of:
NAI Commercial Realty Advisors
Property Description
Approved 5 lot planned dev of a quality (townhome style with 1 car garage) project consisting of 5 duplex buildings for a total of 10 units on 5 separate lots. This will allow them to be sold separately or remain together under one owner. Currently two parcels consisting of a .334 Acre and a 1.061 Acre for a total of 1.395 AC. Lots will have a shared driveway easement (please see site plan). Low maintenance designed plan to view in documents. Each side of the duplex 3/2 will contain 1008 heated sf and a 235 sf single car garage. Projected Proforma Cash Flow Statement at $895 rent per new unit with owner providing pest control and lawn service with rent plus allowing 29% expense ratio (new construction should be much lower) would yield a overall project cap rate on the 10 units of a solid 8.5-9% CAP RATE. (Proforma used 24K lot cost and 155k construction on each duplex.)
| Price History | |
|---|---|
| 11/23/2020 | Listed $124,900 |
General Features
| Foreclosure | Not Applicable |
|---|---|
| Land Type | Residential |
Exterior Features
| Acreage | 1.3960 |
|---|---|
| Improvements | Curb, Street Gutter, Other-See Remarks |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- 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 31602
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Valdosta Board of REALTORS® & South Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
