702 Pine Ridge Dr Valdosta, GA 31602

Property Details for 702 Pine Ridge Dr

Property size

3,547 SF

Property type

Residential income homes

APN

multiple

Description

This exceptional investment opportunity presents a portfolio of two single-family homes located in desirable Valdosta, Georgia neighborhoods: 702 Pineridge Dr. and 906 Maplewood Dr. Both properties are situated in quiet, sought-after areas, offering convenient access to South Georgia Medical Center (SGMC), Valdosta State University (VSU), and a wealth of local amenities, including schools, businesses, and entertainment options. The properties are centrally located between Gornto, Jerry Jones, Baytree, and Azalea neighborhoods. Each home boasts brick construction and has undergone updates to attract and retain high-quality tenants. The 702 Pineridge Dr. property, a 1736 square foot, 3-bedroom, 2-bathroom home, is currently rent-ready, with applications being processed at a market rate of $1,650 per month. The 906 Maplewood Dr. property, a 1811 square foot, 3-bedroom, 2-bathroom home, is currently leased for $1,550 per month, with a lease expiring March 31, 2023. Utilities are billed directly to tenants. The combined square footage totals 3,547 square feet, with an asking price of $375,000 ($106 per square foot). The portfolio boasts a 6.66% cap rate and a 100% occupancy rate, generating a pro-forma NOI of $24,960. Detailed financials and rent rolls are available upon request for qualified buyers. This turnkey investment offers multiple avenues for profit generation, including buy-and-hold with rent increases or individual property sales at premium prices. The seller may consider selling the properties individually, but preference is given to a package sale. Both properties are zoned R-15. This package is part of a larger portfolio of up to 20 single-family homes available from the same seller (MLS #140358).