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Address
1198 McArthur Drive Valdosta, GA
Price
$ 225,000
Property Attributes
  • MLS#125403
  • TypeMulti-Family
  • CountyLOWNDES
  • CityValdosta
  • Area4-S Baytree Rd to W Oak St to S Hill Ave
  • NeighborhoodBaytree
  • Zip31601
  • StyleMulti Unit
  • Taxes$ 1456
  • Price$ 225,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3224
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
FIRST COMMERCIAL REAL ESTATE
Data Source:
South Georgia MLS (SGMLS)
Property Description

Entry level very affordable multi-family investment opportunity with rare value add opportunity. Four 1BR/1BA units located in the heart of Valdosta in a quiet cul-de-sac / minimal traffic setting close to Valdosta State University, South Georgia Medical Center, Valdosta Mall, with jobs, entertainment, schools, & places of worship all around!. Great size for these 806 sf flat units with open concept feel flow from kitchen to living room. Big bedroom with two closets, central HVAC and washer / dryer hook-ups in each unit! 1 of 4 units completely remodeled inside to include hardwood look luxury vinyl plank flooring, fresh paint and fixtures, etc and now commanding $550/month rent for most recent tenant make it easy to raise rents to market rates when leases come up or when units turn. $550/month rents post this at a 7.62% proforma cap rate at 35% operating expense factor.

Price History
5/18/2021 Listed $225,000

General Features

Appliances Other-See Remarks
Construction Wood Siding
Cooling Other-See Remarks
Exterior Features Other-See Remarks
Foreclosure Not Applicable
Heating Other-See Remarks
Interior Features Other-See Remarks
Total Sq Ft 3224

Exterior Features

Acreage 0.3700
Frontage Other-See Remarks

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 31601

Price
AVG $690K
$230K
Taxes
AVG $5,637
$1,456
Visits
AVG 10
6

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