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Address
1011 Cherokee Street Valdosta, GA
Price
$ 499,000
Property Attributes
  • MLS#125032
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area1-N of Baytree Rd to W Oak St
  • NeighborhoodCherokee Commons Condominiums
  • Zip31602
  • StyleMulti Unit
  • Year Built2008
  • Taxes$ 5116
  • Price$ 499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5138
  • Lot Size5,140 SqFt
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS) - 411 - GA
Property Description

5 condominium units FOR SALE in package deal. Built in 2008, each unit is an awesome 2BR / 2BA open concept design with high end designer finishes at every detail. Granite countertops, 2' blinds, brushed nickel hardware and fixtures throughout. Both bedrooms have walk-ins and nice ceiling fans, carpet, tile, and vinyl throughout. W/D hookups and nice outdoor porches. Perfect location tucked away in quiet neighborhood but so close to everything. Valdosta State University (12,300 fall 2020 enrollment) is only 4 blocks or 0.25 miles away! Rents range from $750/mo to a long term tenant to $900/mo for most recent lease. 7.03% proforma cap at $900/mo market rents and 35% operating expense factor! Each unit individually metered for power / water. Excellent rental history, exterior appearance, location, and interior design / finishes make this a rare investment opportunity for this market!

Price History
4/21/2021 Listed $499,000

General Features

Appliances Dishwasher, Refrigerator, Electric Stove
Construction Vinyl Siding, Frame
Cooling Central Electric
Exterior Features None
Foreclosure Not Applicable
Heating Central Electric
Interior Features Cable TV Available, Ceiling Fans, Blinds
Total Sq Ft 5138

Interior Features

Floors Carpet, Tile

Exterior Features

Acreage 0.1180
Frontage None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 31602

Price
AVG $530K
$500K
Taxes
AVG $4,432
$5,116
Visits
AVG 11
6
Year Built
AVG 1998
2008

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