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Address
1200 Melody Lane Remerton, GA
Price
$ 2,175,000
Property Attributes
  • MLS#124193
  • TypeMulti-Family
  • CountyLOWNDES
  • CityRemerton
  • Area4-S Baytree Rd to W Oak St to S Hill Ave
  • NeighborhoodRemerton
  • Zip31601
  • StyleMulti Unit
  • Year Built1983
  • Taxes17642
  • Price$ 2,175,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms2
  • Sqr Footage32400
  • Lot Size1.5 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS)
Property Description

Proven history for this 30 unit, 2BR/1.5 bath townhome investment in the heart of Valdosta directly between Valdosta State University (12,300 enrollment) and the Valdosta Mall. Recently updated units include new luxury vinyl plank flooring, countertops, bathroom vanities and fixtures, etc. Excellent layout includes living room w/ see through bar top into kitchen, half bath downstairs. Front and back porch areas with small outside storage room. 2 large bedrooms upstairs have carpet and large closets, full bath with tile and smaller linen / storage closets throughout. Fenced, low maintenance brick and vinyl siding. Rents are being bumped to $725/unit because of high demand. All electric appliances included - refrigerator, dishwasher, range, disposal, central HVAC & W/D hookups. Units individually metered for power and water. Proforma cap rate of 6.85% at $725/unit with 40% OPEX.

Price History
2/8/2021 Listed $2,175,000

General Features

Appliances Washer, Dishwasher, Dryer, Refrigerator, Disposal, Electric Stove
Construction Brick Veneer, Vinyl Siding, Frame
Cooling Central Electric
Exterior Features None
Foreclosure Not Applicable
Heating Central Electric
Interior Features Insulated, Cable TV Available, Blinds
Total Sq Ft 32400

Interior Features

Floors Carpet, Luxury Vinyl Planks (LVP), Tile

Exterior Features

Acreage 1.5000
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 31601

Price
AVG $820K
$2.18M
Taxes
AVG $5,253
$17,642
Visits
AVG 9
16
Year Built
AVG 1964
1983
Walkscore
AVG 51
47
Data Provided by Walkscore ® not using MLS data

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