For Sale
Call for price

415 Northside DrValdosta, GA 31602

56-unit apartment complex, high rental upside.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Starting Bid: $750,000; Bidding: November 18-20, 2024
  • 56-unit multifamily property, built in 1972
  • Average rent: $717/month; Market average: $846/month, offering 18% upside potential
  • ±45,050 square feet gross building area
  • Average unit size: ±804 square feet
  • Unit mix: 1 studio, 16 one-bedroom/one-bath, 23 two-bedroom/one-bath, 16 three-bedroom/two-bath; 2 fire-damaged units

Property Details for 415 Northside Dr

Property type
Apartment buildings
Square Feet
45,050 SF
Year Built
1972
Units
56

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.871719
Longitude
-83.279687
415 Northside Dr, Valdosta, Georgia

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415 Northside Dr
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