1903 Azalea Dr Valdosta, GA 31602

Property Details for 1903 Azalea Dr

Property size

34,112 SF

Property type

Residential income homes

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.