1533 Woodard St - Apartments FOR SALE


Valdosta, GA 31601
$599,900 USD
912-414-7266
1533 Woodard St, Valdosta, GA for Sale
$599,900 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1533 Woodard St
Valdosta, GA 31601


OVERVIEW

Property Description: Exceptional Five-Unit Townhome Complex in the Heart of Valdosta/Remerton. This rare investment opportunity features a five-unit townhouse complex, ideally situated in the heart of Valdosta/Remerton. Each unit offers an identical 2-bedroom, 2.5-bathroom floor plan. The upstairs level includes two spacious bedrooms, each with a private en-suite bathroom, while the main floor features a welcoming living area, a convenient half bath, and a well-appointed kitchen. The kitchens include wood cabinetry with a pass-through to the dining area, creating an open and connected space. The fully electric appliance package includes a refrigerator, range/oven, dishwasher, and washer/dryer hookups. Two units feature LVP flooring, while the remaining three are finished with a combination of carpet and vinyl. Each residence includes a utility room and fenced partitions between rear entrances, providing added privacy for tenants. The property sits on a 0.71-acre lot and offers ample parking for both residents and guests. Each unit is individually metered for power and water, simplifying management and tenant billing. With a strong rental history and recent updates, current rents range from $895 to $995 per month. With the potential to increase all units to $995. Conveniently located just minutes from VSU and SGMC, this complex is well-positioned for continued rental demand. Based on potential rents of $995 per unit, the property demonstrates a proforma CAP rate of approximately 6.6%. This complex has a strong rental history, stable occupancy and presents an exceptional opportunity for both new and seasoned investors alike.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$104 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,980

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

Multi-Family

APN/PARCEL ID

0084B-128

ASK ABOUT THIS PROPERTY

Olivia LaverenzMercer Hughes Real Estate Group, Inc.More Info
912-414-7266

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Olivia LaverenzMercer Hughes Real Estate Group, Inc.More Info
912-414-7266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.