8-Unit Apartment
2000 Oak St #8, Valdosta, GA 31605
For Sale
New
$445,000
Eight one-bedroom, one-bathroom residences share laundry facilities and include kitchen appliances.
Property Size2,846 SF
Price / SF$156.36
Days on Market5
Property Features for 2000 Oak St #8
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared washer and dryer
Insulated
Fireplace
Ceiling Fan(s)
Building Details
Building Size
Stories
Listing Agency:
Garner Realty Group LLC
(229) 686-1931
Listed By:
Darlene Garner · License GA #249694
(229) 356-0630
Source:
Garnerrealtygroupllc
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 10 at 8:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Garner Realty Group LLC
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains eight one-bedroom, one-bathroom residences across 2,846 square feet. Hardwood flooring runs throughout the units, which are equipped with refrigerators and stoves. Residents also have access to shared laundry facilities with a washer and dryer.
The building has a newer roof and a central HVAC system approximately 7 years old. Zoning is C.
The building has a newer roof and a central HVAC system approximately 7 years old. Zoning is C.
Key Highlights
- Eight units, each configured with 1 bedroom and 1 bathroom
- 2,846 square feet of building area
- Hardwood flooring throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,090
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
$341.8K
Cap Rate 7%
$244,143
$244.1K
Cap Rate 9%
$189,889
$189.9K
Market Conditions
NOI Build-Up for 2,846 SF
Gross rent
$33.1K $11.64/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$31.1K $10.92/SF
− OpEx
−$14.0K −$4.91/SF
NOI
$17.1K $6.01/SF
Area
Lowndes County, GA
Vacancy
6.20%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
Cap Rate 7%
$244,143
Cap Rate 9%
$189,889
Alternative Uses
Best Use
Apartment 5plus
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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Business Placement
Demographics for 31605, GA
23,682
Population
9,642
Households
2.5
Avg Household Size
32
Median Age
35%
College-Educated
95%
High-School Grad
48.8 sq mi
ZIP Area
485
Density / Sq Mi
$73,991
Median Household Income
$42,359
Median Earnings
$1,230
Median Rent
$211,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom, one-bathroom residences share laundry facilities and include kitchen appliances.
Where is this apartment building located?
The property is located at 2000 Oak St #8 Valdosta, GA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Eight units, each configured with 1 bedroom and 1 bathroom; 2,846 square feet of building area; Hardwood flooring throughout the units
