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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

Price
AVG $560K
$120K
Taxes
AVG $2,729
$300
Visits
AVG 21
9
Walkscore
AVG 28
26
Data Provided by Walkscore ® not using MLS data

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