For Sale
$1,250,000

2316 Lakeview Dr Valdosta, GA 31602

7-Unit Rental Property, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a portfolio of seven single-family rental homes located in central Valdosta, Georgia. The properties, totaling 11,983 net rentable square feet, boast 100% occupancy and a current Net Operating Income (NOI) of $89,817, representing a 7.19% cap rate. Individual unit sizes range from 1,467 to 2,147 square feet, with a mix of three and four-bedroom units, each featuring two or three bathrooms. The portfolio is classified as Class B and is situated within an R-15 zoned area. Current monthly gross rent totals $11,530, with rents ranging from $1,300 to $2,005 per month, reflecting a value-add opportunity through potential rent increases. The asking price is $1,250,000, translating to $104 per square foot. This represents a significant discount compared to the individual market value of each property. The portfolio offers flexibility

Property Details for 2316 Lakeview Dr

Property type
Residential income homes
Square Feet
1,467 SF
Class
B
Buildings
7
Stories
1
Units
7

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.8581565
Longitude
-83.3142796

FAQs

What type of property is this?
Residential income home - 7-Unit Rental Property, High ROI
Where is the residential income home located?
The property is located at 2316 Lakeview Dr Valdosta, GA.
What is the asking price?
The asking price for this property is $1,250,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2316 Lakeview Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message