2205 Briarcliff Dr Valdosta, GA 31602

Property Details for 2205 Briarcliff Dr

Property size

3,355 SF

Property type

Residential income homes

APN

multiple

Description

This exceptional investment opportunity presents a stabilized, turnkey portfolio comprising two charming single-family homes located in desirable Valdosta, Georgia neighborhoods. The properties, situated at 2205 Briarcliff Dr and 400 Terrace Blvd, boast a combined 3,355 square feet and are currently 100% occupied, generating a substantial monthly gross rent of $2,750. The Briarcliff property, a 3-bedroom, 2-bathroom home, commands a monthly rent of $1,310 under a lease expiring December 31, 2024, while the Terrace Boulevard property, also a 3-bedroom, 2-bathroom residence, leases for $1,440 per month, with the lease concluding October 31, 2024. Both properties feature attractive curb appeal and have undergone updates to maintain high-quality tenants. This Class B multifamily investment offers a compelling 5.72% cap rate and a pro-forma NOI of $21,450, representing a significant return on investment. Priced at $375,000 ($112 per square foot and $187,500 per unit), this package presents a rare opportunity to acquire a well-performing portfolio in a strong rental market. While the seller prefers to sell both properties together, individual sales may be considered at market value. Detailed financial statements and rent rolls are available upon request for qualified buyers. This package is part of a larger portfolio of up to 20 single-family homes available from the same seller (see MLS # 140358 for details). The properties are zoned for multiple uses, offering potential for future value appreciation.