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Address
1821 Remer Lane Remerton, GA
Price
$ 499,000
Property Attributes
  • MLS#122777
  • TypeMulti-Family
  • CountyLOWNDES
  • CityRemerton
  • Area4-S Baytree Rd to W Oak St to S Hill Ave
  • NeighborhoodRemerton
  • Zip31601
  • StyleMulti Unit
  • Year Built1995
  • Taxes4388
  • Price$ 499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6744
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Property Description

3 duplex units (6 doors) located in the heart of Valdosta/Remerton. All six 2BR/2.5BA floorplans are identical, each offering 2 upstairs bedrooms with private bathrooms. 4 out of 6 recently updated with new LVP flooring, carpet, paint, & fixtures. Living room, half-bath, and kitchen/dining all downstairs with real wood cabinets. Totally electric appliance package includes refrigerator, range/oven, dishwasher. Units are individually metered for power and water (tenant responsibility), plenty of parking for residents and guests. 0.32 acre site for these 3 contiguous isolated duplexes provides control of neighbors. Good rental history, now at $695/month with ability to bumps rents to $750+, which is market for these units in Remerton. Lots of jobs, dining, entertainment all around. Proforma cap rate of 7.01% using $695 rents and 30% operating expense. Cap bumps to 7.57% at $750/mo.

Price History
9/3/2020 Listed $499,000

General Features

Appliances Other-See Remarks
Construction Vinyl Siding
Cooling Central Electric
Exterior Features None
Foreclosure Not Applicable
Heating Central Electric
Interior Features Other-See Remarks
Total Sq Ft 6744

Exterior Features

Acreage 0.3200
Frontage None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 31601

Price
AVG $650K
$500K
Taxes
AVG $5,511
$4,388
Visits
AVG 29
54
Year Built
AVG 1989
1995

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