1616 E Park Ave - Multi-Family FOR SALE


Valdosta, GA 31602
$280,000 USD
229-244-3535
1616 E Park Ave, Valdosta, GA for Sale
$280,000 USD
Multi-Family - FOR SALE
1/39
null | Request Cap Rate

1616 E Park Ave
Valdosta, GA 31602


HIGHLIGHTS

  • 6BR/3BA main home offers multiple leasing strategies
  • Potential owner-occupant or investment opportunity
  • 1-year-old roof
  • 2-year-old HVAC
  • Storage building, carport, circular driveway, and additional parking
  • Updated electrical and plumbing

OVERVIEW

Excellent investment opportunity featuring a 6-bedroom, 3-bath house and a detached 2-bedroom, 1-bath apartment on 0.75 acres. The apartment is separately metered and currently leased to a long-term tenant paying $800/month, providing immediate rental income. Tenant is willing to vacate if needed. The property offers multiple income strategies, including renting both units, renting the main house by the room, or owner-occupying one unit while leasing the other. Major updates include a 1-year-old roof, 2-year-old HVAC, updated electrical, and replaced plumbing beneath the home. Additional amenities include a storage building, carport, circular driveway, and extra parking. Sold As-Is.

FOR SALE DETAILS

PRICE

$280,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

2

PRICE/UNIT

$140,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1616-1618 E Park Ave | House + ADU Investment

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

R-6

APN/PARCEL ID

0153C 022

ASK ABOUT THIS PROPERTY

Bryce OcepekColdwell Banker Commercial Premier Real EstateMore Info
229-244-3535

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

Bryce OcepekColdwell Banker Commercial Premier Real EstateMore Info
229-244-3535

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