3400 N Barack Obama Blvd - Apartments CONDO FOR SALE


Valdosta, GA 31602
$1,250,000 USD
3400 N Barack Obama Blvd, Valdosta, GA for Sale
$1,250,000 USD
Apartments CONDO - FOR SALE
1/47
null | 5.2% Cap Rate

3400 N Barack Obama Blvd
Valdosta, GA 31602


HIGHLIGHTS

  • Large growth in the area
  • Indivdual units that could be sold off as a whole or as a single unit
  • Centrally located to shopping, schools, and entertainment.

OVERVIEW

This offering consists of the first building within the condominium complex, comprising five (5) well-maintained units labeled A–E. The property presents an excellent opportunity for an investor to retain the building as a single income-producing asset or, alternatively, sell units individually in the future, providing built-in exit flexibility. Each unit features a 3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. The units have a strong rental history, with current rents averaging approximately $1,400 per month, and market conditions support potential increases to $1,500 per month or more, offering immediate and long-term upside. Monthly condominium assessments for taxes and insurance will commence upon sale. In addition, the seller owns fifteen (13) additional units within the development and may consider selling additional units to an interested buyer, creating a rare opportunity to scale within the same community. This offering is well-suited for investors seeking stable cash flow, future appreciation, and optional condo sell-off potential.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$801 USD /SF

CAP RATE

5.2%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

7,800 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PRD

APN/PARCEL ID

0149A-010

ASK ABOUT THIS PROPERTY

Kim SmallwoodThe Herndon CompanyMore Info

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Kim SmallwoodThe Herndon CompanyMore Info

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