So many options for this 1.8 acre site with 8 tenant occupied rental units on busy River St (6,540 AADT - GA DOT '18). Currently 1 single-family brick home, 6 single-wide mobile homes, and 1 RV rented for gross income of $3575/month gives proforma cap rate of 9.29% with 35% operating expense factor! Potential to add another SW MH, 2 RVs, and lease out a 1500 sf shop. MHs have been well kept over time including newer roofs, appliances, camera surveillance and several long term tenants. Use as currently setup for turn-key rental income; add units to increase revenue; or scrape the site and redevelop into great commercial location with road frontage on 3 sides directly in the path of new commercial activity all around. 2 blocks from retail including Sam's, Wal-Mart, Academy Sports, Valdosta Mall at only $166K/acre with easy access to I-75 Exits 16 & 18 - water & sewer available.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
