1903 Azalea DrValdosta, GA 31602

Property Details for 1903 Azalea Dr

Property size (Sq ft)

10,540 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of six single-family rental homes located in Valdosta, Georgia. The properties, situated at 1903 Azalea Dr, 2502 Berkley Dr, 2205 Gornto Rd, 2207 Jerry Jones Dr, 2208 Jerry Jones Dr, and 2410 Jerry Jones Dr, boast a combined square footage of 10,540 and are currently operating at 100% occupancy. The portfolio offers a compelling stabilized investment with a 6.14% cap rate and a pro-forma NOI of $67,275. The asking price is $1,095,000, translating to $104 per square foot. This represents a significant value proposition, considering individual sale prices in the area often exceed $140-$150 per square foot. The properties are classified as Class B and feature a mix of three and four-bedroom units, with two or three bathrooms each. The current monthly gross rent is $8,625, with rents ranging from $1,000 to $1,650 per month, reflecting recent lease renewals and the potential for further rent increases. The properties are zoned for multiple uses, providing flexibility for future development or expansion. Financial statements and rent rolls are available upon request for qualified buyers. While the seller prefers to sell all six homes as a package, smaller options may be considered at a premium price per unit. This portfolio presents a rare opportunity to acquire a high-performing, value-add investment in a desirable location. The seller notes that the high visibility of these properties leads to rapid lease-ups.

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8528

Longitude

-83.2972

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