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Address
3036 Ginny Drive Valdosta, GA
Price
$ 1,425,000
Property Attributes
  • MLS#124589
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area2-N of Park Ave to E Oak St
  • Neighborhoodmultiple
  • Zip31602
  • StyleMulti Unit
  • Year Built2002
  • Taxes15549
  • Price$ 1,425,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage22143
  • Lot Size2.28 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS)
Property Description

Excellent investment opportunity to purchase a group of 19 rentals with turn-key income in place. Start collecting rent as soon as closing date for this package of single-family homes in well-known, established and sought after neighborhoods! 18 of 19 units currently rented with 1 vacant unit moving in a new tenant April 01. 6 houses on Ginny Drive, 7 on Lexington Circle, 2 in Blue Pool S/D and 2 on McAfina Trail - other locations are Pendleton Avenue and Gaynor Street. $13,710 monthly gross rents set this portfolio up at a 7.5% cap rate with 35% operating expense factor. All units individually metered for power and water. Full rent roll in documents, with more pictures and details to follow. Contact listing agent for details on actual financials. Seller prefers to sell entire package and not break up units by neighborhoods or locations.

Price History
3/15/2021 Listed $1,425,000

General Features

Appliances Other-See Remarks
Construction Frame
Cooling Other-See Remarks
Exterior Features Other-See Remarks
Foreclosure Not Applicable
Heating Other-See Remarks
Interior Features Other-See Remarks
Total Sq Ft 22143

Exterior Features

Acreage 2.2800
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 $990K
$1.43M
Taxes
AVG $8,293
$15,549
Visits
AVG 14
12
Year Built
AVG 2003
2002
Walkscore
AVG 37
20
Data Provided by Walkscore ® not using MLS data

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