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Address
1801 Springfield Drive Valdosta, GA
Price
$ 370,000
Property Attributes
  • MLS#119346
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area3-S of Park Ave to E Oak St to S Hill Ave
  • Neighborhoodmultiple
  • Zip31602
  • StyleMulti Unit
  • Taxes4770
  • Price$ 370,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9674
  • Lot Size3.67 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Property Description

12 rented doors and 1 developable lot available in this portfolio / package sale with steady and proven rental history. 11 single family residences and 1 duplex included with 7 of the properties contiguous and others very close by. Mixture of 2BR/1BA and 3/1 units with turnkey rental income to collect the day you close. Several long-term tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. 7 contiguous doors and developable lot located at 1801, 1803, 1805, 1807, & 1809 Springfield Dr, 1103 & 1105 E Cranford Dr (duplex) and 0.77 acre lot to east and south - 1714 Clover Drive very close by. 326 & 332 Canna Dr, 2305 Deborah Dr, & 814 E Brookwood Pl. Currently all 12 doors rented at $5,255 monthly with most recently turned unit's rents trending upwards.11.08% cap rate with 35% operating expense.

Price History
9/25/2019 Listed $449,500
1/13/2020 13% - $395,000
7/15/2020 7% - $370,000

General Features

Appliances Other-See Remarks
Construction Frame
Cooling Other-See Remarks
Exterior Features None
Foreclosure Not Applicable
Heating Other-See Remarks
Interior Features Other-See Remarks
Total Sq Ft 9674

Exterior Features

Acreage 3.6700
Frontage None

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 $590K
$370K
Taxes
AVG $5,433
$4,770
Visits
AVG 73
19

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