1903 Azalea DrValdosta, GA 31602

Property Details for 1903 Azalea Dr

Property size (Sq ft)

34,112 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of twenty single-family rental homes in Valdosta, Georgia. Located primarily in established neighborhoods, these Class B properties boast a combined 34,112 square feet and are currently 100% occupied, generating a substantial monthly rental income of $30,690. The portfolio offers a compelling 7.09% cap rate, with a pro-forma cap rate projected at 7.38% through strategic rent increases. The asking price is $3,495,000, translating to $174,750 per unit and $102.46 per square foot. The properties are well-maintained, with several featuring recent updates. Many tenants are on month-to-month leases, providing flexibility for future rent adjustments. This stabilized investment presents a unique value-add opportunity, allowing for increased profitability through rent bumps or individual property sales at premium prices—current market estimates suggest individual home values could reach $140-$150 per square foot. The portfolio's strong performance, coupled with its significant upside potential, makes it an attractive investment for discerning buyers. Detailed financial information, including a complete rent roll and property locations, is available upon request. The properties are self-managed, with tenants responsible for all utilities. The portfolio includes five homes on Thomwal Street, four on Jerry Jones/Gornto Road, and the remaining properties situated in various established neighborhoods within Valdosta. All homes feature central HVAC systems. This is a rare opportunity to acquire a substantial, high-performing rental portfolio in a desirable location.

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8526

Longitude

-83.2974

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