4100 Mulligan Manor Ln Valdosta, GA 31605

This exceptional investment opportunity presents Hangar 22, an eleven-building, twenty-two-unit apartment complex situated on a 2.88-acre lot in Valdosta, Georgia. Built in 2013, this Class A property boasts 28,468 square feet of net rentable space, currently achieving 100% occupancy. Each unit is a three-bedroom, two-bathroom duplex, featuring modern amenities such as canned lighting, subway tile backsplashes, real wood cabinets, and stainless steel appliances including a refrigerator, range with micro-hood, dishwasher, and washer/dryer hookups. The units also include carpet, tile, and stained concrete flooring, walk-in closets, and private front and back porches. All units are ADA compliant, featuring wide doors, hallways, and roll-in showers. The property offers three parking spaces per unit and is zoned P-D. Currently generating a NOI of $231,000 and a 7.45% cap rate, this stabilized investment presents a value-add opportunity with potential for rent increases. The property's prime location in Lowndes County, near Moody Air Force Base, ensures high demand and consistent occupancy. The asking price is $3,100,000, translating to $140,909 per unit and $108.89 per square foot. This turnkey property offers significant potential for future growth and strong returns. The property's location provides easy access to jobs, schools, entertainment, recreation, shopping, and dining.