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.
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