Turnkey Multifamily Asset in
218 W Hill Avenue, Valdosta, GA 31601
MULTI_FAMILY - Valdosta, GA
Property size:
13,602 SFLot size:
0.61 AcresPrice / SF:
$187/SF- Added:
- Feb 9, 2026
- Days on Market:
- 111
- Last Refresh:
- May 31 at 5:06 pm
Property Features for 218 W Hill Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-C
- Interior features
- Blinds, Ceiling Fan(s)
- Exterior features
- Sprinkler System
- Appliances
- Electric Range, Microwave
- Standard status
- Active
- APN
- 0120A 110
- Size
- 13,602 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- in listing office
- Tax Annual Amount
- 8557
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Electric, Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Block, Frame
- Roof type
- Rolled Hot Mop
Listing agent John Courson License #342868 (229) 251-4632
Listing office COLDWELL BANKER PREMIER REAL E 1616 Norman Dr Suite E, Valdosta, GA (229) 244-3535
Listing date Feb 9, 2026
MLS# 149607
Listing URL
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey, stabilized multifamily asset in downtown Valdosta, Georgia.
- Operates under the Housing Choice Voucher program (Section 8), ensuring reliable, government‑backed rental payments.
- Pro forma 9.9% cap rate at the asking price.
- Completely renovated in 2022 with durable finishes, efficient layouts, and updated kitchenettes.
- New Duro‑Last commercial roof installed in 2025 with a 20‑year transferable warranty.
- Individually metered for electricity, billed directly to tenants.
Overview
Courlley Court II presents an investment opportunity in a stabilized multifamily asset located in downtown Valdosta, Georgia. The property features 40 units, including 38 residential apartments and two on-site offices. The residential unit mix includes 36 one-bedroom/one-bath units and 2 two-bedroom/one-bath units, along with a manager's office and additional office space. Originally constructed as a motel, the property was converted to apartment use in 2022. The 13,602 square foot property on 0.61 acres includes residential units that were fully rebuilt and feature durable finishes and efficient layouts with kitchenettes, updated cabinetry, flooring, fixtures, and lighting. Kitchenettes include mini-refrigerators, two-burner electric cooktops, and microhood vent systems. Courlley Court II operates under the Housing Choice Voucher (formerly known as Section 8) federally-funded housing program. All residential units are individually metered for electricity and directly billed to tenants by Georgia Power. Ownership provides hot water, property-wide Wi-Fi, and dumpster service. Additional amenities include an on-site tenant laundry room. A new Duro-Last commercial roof was installed in 2025, complete with a 20-year transferable warranty.
Property Profile
Location Intelligence
Current Use by Public Records
Budget Inn
Hotel & Motel
Courlley Court II
Homestay
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.2812913
- Latitude
- 30.8302247
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized 40-unit multifamily property with government-backed rental income.
Where is this apartment building located?
The property is located at 218 W Hill Avenue Valdosta, GA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Turnkey, stabilized multifamily asset in downtown Valdosta, Georgia.; Operates under the Housing Choice Voucher program (Section 8), ensuring reliable, government‑backed rental payments.; Pro forma 9.9% cap rate at the asking price.
