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Price Reduction
Address
4810 Old Radar Site Rd Valdosta, GA
Price
$ 229,900
Property Attributes
  • MLS#123622
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area5-N side hwy 84 in Lowndes Co.
  • NeighborhoodRadar Site
  • Zip31605
  • StyleMulti Unit
  • Taxes875
  • Price$ 229,900
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2672
  • Lot Size2.8 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS)
Property Description

Unique income property in highly desirable northern Lowndes county location with a total of 5 turn-key income rental units currently at 100% occupancy and strong rental history. 2.8 acre tract at the SE corner of Old Radar Site & Cat Creek Rds with 4 stick built and 1 mobile home only 2.0 miles from Moody Air Force Base. All 5 rental units are 1BR/1BA setup with the MH leased for $525/month and others trending to $595/month. MH recently completely rehabbed with all the upgrades you could think of to attract and retain highest quality tenants. Luxury Vinyl Plank flooring, new cabinets, appliances, fixtures, finishes, roof, HVAC and systems, etc. Minimal operating costs for your investment here as several longer term tenants in place. Current cap rate based on proforma rents of $595/door and 35% operating expenses is 9.47%. Rent Roll in docs & financials available to qualified prospects.

Price History
12/8/2020 Listed $249,000
3/10/2021 2% - $244,900
3/23/2021 7% - $229,900

General Features

Appliances Other-See Remarks
Construction Vinyl Siding, Frame
Cooling Other-See Remarks
Exterior Features None
Foreclosure Not Applicable
Heating Other-See Remarks
Interior Features Other-See Remarks
Total Sq Ft 2672

Interior Features

Floors Luxury Vinyl Planks (LVP)

Exterior Features

Acreage 2.8000
Frontage 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 31605

Price
AVG $240K
$230K
Taxes
AVG $1,307
$875
Visits
AVG 10
18

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