Bought with Wendy Cook • THE HERNDON COMPANY
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3111 Sundance Cir Valdosta, GA 31602
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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,152 sqft
Price per Sqft $51
Subdivision Eastwind Estates
MLS Listing ID 128527
Sold Date 06/10/22
HOA Y/N No
Annual Tax Amount $4,114
Tax Year 2021
Lot Size 1.320 Acres
Property Sub-Type Duplex
Property Description
4 duplexes (8 doors) with value-add potential at affordable entry level price point! 100% occupancy in central Valdosta location within Valdosta city limits. Close to SGMC, Moody AFB, & VSU -- jobs, schools, retail, entertainment etc all around! Additionally, adjacent to former Valdosta High School campus - with unlimited potential for future institutional or municipal type use that will happen in near future. Each floorplan consists of 2BR/1BAs tucked away in quiet cul-de-sac setting. Many long term residents on month to month leases allow new owner to bump rents to market rates immediately OR just over time as units naturally turn. Currently $4210/monthly rents are 8.21% cap rate but could easily be bumped to $5200/month or just $650/month per door to get to 10.14% or more!
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning DR-10
Interior
Interior Features Other
Heating Central
Cooling Other
Flooring Other
Exterior
Exterior Feature Other
Pool None
Roof Type Shingle
Porch Other-See Remarks
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID multiple
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