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1400 Magnolia StValdosta, GA 31601

Prime Student Housing, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 120-unit student housing community in Valdosta, Georgia, presents a compelling investment opportunity. Built in 2024, the property boasts 124,680 square feet of net rentable space across six, two-story buildings situated on a 9.3-acre lot. The property currently enjoys a 94% occupancy rate, with a mix of 80 two-bedroom/two-bathroom units and 40 one-bedroom/one-bathroom units, averaging 1,039 square feet per unit. Rents average $1.30 per square foot. Residents enjoy a range of amenities including gated private parking, a fully furnished clubhouse, a swimming pool with sundeck, in-unit washer and dryers, a property-wide surveillance system, and paid utility bills. Its advantageous location, less than one mile from Valdosta State University, ensures strong demand and rental income potential. This turnkey operation offers immediate access to a thriving student market with significant upside potential for rental increases. The property's modern construction and desirable features make it an attractive option for students seeking comfortable and convenient housing. This is a rare opportunity to acquire a nearly fully occupied, newly constructed asset in a high-demand location.

Highlights

  • Magnolia Reserve Apartments, a 120-unit student housing community in Valdosta, GA, offers a compelling investment opportunity.
  • The property, built in 2023/2024, comprises six two-story buildings totaling 124,680 square feet on a 9.3-acre lot.
  • The property features 80 two-bedroom/two-bathroom and 40 one-bedroom/one-bathroom units, averaging 1,039 square feet per unit, with rents averaging $1.30 per square foot.
  • Amenities include gated parking, a furnished clubhouse, a pool with sundeck, in-unit washers/dryers, a security system, and paid utilities.
  • Located less than one mile from Valdosta State University, the property boasts a 94% occupancy rate and significant upside potential.

Property Details for 1400 Magnolia St

Property type
Dormitories, Student housing
Year Built
2024
Buildings
6
Stories
2
Units
120

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.83368464
Longitude
-83.30537669
1400 Magnolia St, Valdosta, Georgia

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1400 Magnolia St
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