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Address
1010 N Toombs St Valdosta, GA
Price
$ 1,850,000
Property Attributes
  • MLS#124922
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area3-S of Park Ave to E Oak St to S Hill Ave
  • NeighborhoodCentertown Condos
  • Zip31601
  • StyleMulti Unit
  • Year Built1967
  • Taxes$ 6619
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21120
  • Lot Size1.03 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS)
Property Description

Luxury living and turn-key investment for 20 condominium units only 3 blocks from Valdosta State University (12,300 enrollment). Centertown Condos is 100% occupied with 15 units completely renovated top to bottom / inside out. Pictures are a must-see as no expense was spared during the recent reno that includes designer inspired finishes at every minor detail to help attract and retain highest quality residents! All 20 units are same 2BR/1.5BA townhome floorplan with kitchen, LR, and half bath downstairs. Big bedrooms upstairs have walk-ins. Hardwood look LVP floors and tile, crown moulding, trim, new stainless appliances, etc! Rents range from $750 to $850 for remodeled units. 5 units not remodeled range from $605 - $695. $850/mo/unit gives 6.63% proforma cap rate at 33% OPEX & 5% VAC. Possibility to re-sell units individually as condos. Laundry facility and camera system on site.

Price History
4/9/2021 Listed $1,850,000

General Features

Appliances Microwave, Washer, Dishwasher, Dryer, Refrigerator, Electric Stove
Construction Frame
Cooling Central Electric
Exterior Features Other-See Remarks
Foreclosure Not Applicable
HOA Fee 1
Heating Central Electric
Interior Features Insulated, Blinds
Total Sq Ft 21120

Interior Features

Floors Luxury Vinyl Planks (LVP)

Exterior Features

Acreage 1.0300
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 $680K
$1.85M
Taxes
AVG $4,230
$6,619
Visits
AVG 6
6
Year Built
AVG 1962
1967

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