415 Northside Dr Valdosta, GA 31602
- Commercial real estate
- 45,050 SF
Current Use by Public Records
- Commercial real estate
Property Details for 415 Northside Dr
- Year built
- 1972
- Property size
- 45,050 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.279687
- Latitude
- 30.871719
