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Address
1713 Marion Street Valdosta, GA
Price
$ 399,000
Property Attributes
  • MLS#120409
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area3-S of Park Ave to E Oak St to S Hill Ave
  • Neighborhoodvarious
  • Zip31602
  • StyleMulti Unit
  • Taxes5355
  • Price$ 399,000
  • Bedrooms12
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage15477
  • Lot Size3.16 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Property Description

Completely turnkey rental income in place here for a stabilized portfolio of properties at 100% occupancy! 15 rented single-family homes and 1 develop-able lot provide steady and proven rental history with many long-term tenants in place. Mixture of 2BR/1BA, 3/1, & 4/2 units. Longer-term tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. Addresses include 730, 755, 823, & 825 E Brookwood Dr, 735 & 746 Lausanne Dr, 1109 & 1713 Marion St, 434 Universtiy Dr, 204 Hollywood St, 733 E Jane St, 810 Penny Pl, 816 Stillwater Dr, 912 Nardo St, & 709 N Troup St. Currently all 15 doors rented at $6,970 monthly gets a proforma 12.58% cap rate with 40% operating expense factor! Actual expenses show lower than 40%. See rent roll in documents.

Price History
1/29/2020 Listed $425,000
8/19/2020 7% - $399,000

General Features

Appliances Electric Stove, Refrigerator
Construction Frame
Cooling Central Electric, Window/Wall Unit
Exterior Features None
Foreclosure Not Applicable
Heating Central Electric, Window/Wall Unit
Interior Features Ceiling Fans
Total Sq Ft 15477

Exterior Features

Acreage 3.1600
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
$400K
Taxes
AVG $5,433
$5,355
Visits
AVG 73
125
Walkscore
AVG 51
67
Data Provided by Walkscore ® not using MLS data

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