24 - two bedroom / one bath well-kept units located in the heart of Valdosta. Only 1/10 of a mile to both South GA Medical Center & Valdosta State University north campus (12,300 enrollment), but also tucked away with buffers on all sides to minimize traffic, noise, etc and allow residents a quiet place to call home. Many units have been updated to include new appliances, counter-tops, fixtures, etc. 856 sf each includes large bedrooms & closets, combo living / dining rooms all with carpet. Vinyl in kitchen and baths. Linen closet, W/D hookups, and front and back porch areas make these efficient apartments have a much bigger feel. Great looking exterior made up of brick and real wood siding, landscape, and maintenance / storage shed for owner's tools or equipment. Proforma 7.29% cap rate with 5% vacancy and 40% OPEX factor. Rents are currently $495-575/mo but could easily be bumped.
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