Affordable and entry level multi-family investment opportunity with rare value add opportunity. Four 2BR/1.5BA units located close to Valdosta State University (13,500 enrollment), South Georgia Medical Center, Valdosta Mall, with jobs, entertainment, schools, & new construction all around!. 975 square feet each for these 2 bedroom / 1.5 bath townhome style units tenants love bc of no upstairs neighbors. Bedrooms and bathroom upstairs; living room, kitchen and half bath down. Individually metered for utilities, central HVAC and washer / dryer hook-ups in each unit! Many long term residents on short term or month to month leases allow you to bump rents immediately to market rates at $695/month. All 4 units currently rented at $475/month, but $695/month rents post this at a 8.02% proforma cap rate at 40% operating expense factor.
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