415 Northside Dr Valdosta, GA 31602

This exceptional multifamily investment opportunity presents a 56-unit apartment building located at 415 Northside Dr, Valdosta, GA 31602, within Lowndes County. The property, built in 1972, boasts a total gross building square footage of approximately 45,050 square feet, situated on roughly 3.22 acres. The complex comprises seven buildings and a clubhouse, offering a diverse mix of unit types: one studio, sixteen one-bedroom/one-bathroom, twenty-three two-bedroom/one-bathroom, and sixteen three-bedroom/two-bathroom units. The average unit size is approximately 804 square feet. Current average rent is $717 per month, while the market average is $846, indicating a conservative 18% rental upside potential. The property is being offered via auction, with bidding opening November 18th, 2024, and closing November 20th, 2024. The starting bid is $750,000. Please note that two units have sustained fire damage. The property density is 17 units per acre. This presents a compelling opportunity for investors seeking value-add potential in a growing market. Detailed property information and auction terms are available upon request.