For Sale
$3,100,000

4100 Mulligan Manor LnValdosta, GA 31605

11 Luxury Duplexes, High Occupancy, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Hangar 22, an eleven-building, twenty-two-unit apartment complex situated on a 2.88-acre lot in Valdosta, Georgia. Built in 2013, this Class A property boasts 28,468 square feet of net rentable space, currently achieving 100% occupancy. Each unit is a three-bedroom, two-bathroom duplex, featuring modern amenities such as canned lighting, subway tile backsplashes, real wood cabinets, and stainless steel appliances including a refrigerator, range with micro-hood, dishwasher, and washer/dryer hookups. The units also include carpet, tile, and stained concrete flooring, walk-in closets, and private front and back porches. All units are ADA compliant, featuring wide doors, hallways, and roll-in showers. The property offers three parking spaces per unit and is zoned P-D. Currently generating a NOI of $231,000 and a 7.45% cap rate, this stabilized investment presents a value-add opportunity with potential for rent increases. The property's prime location in Lowndes County, near Moody Air Force Base, ensures high demand and consistent occupancy. The asking price is $3,100,000, translating to $140,909 per unit and $108.89 per square foot. This turnkey property offers significant potential for future growth and strong returns. The property's location provides easy access to jobs, schools, entertainment, recreation, shopping, and dining.

Highlights

  • Eleven-building, 22-unit apartment complex on a 2.88-acre lot in Valdosta, GA.
  • Class A property built in 2013 with 28,468 square feet of net rentable space and 100% occupancy.
  • Each unit is a three-bedroom, two-bathroom duplex with modern amenities and ADA compliance.
  • Three parking spaces per unit; P-D zoning.
  • $3,100,000 asking price ($140,909 per unit, $108.89 per square foot); $231,000 NOI and 7.45% cap rate.

Property Details for 4100 Mulligan Manor Ln

Property type
Apartment buildings
Square Feet
28,468 SF
Class
A
Year Built
2013
Buildings
11
Stories
1
Lot Size (sq. ft)
125,453 SF
Units
22

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.923621389321
Longitude
-83.252947953466
4100 Mulligan Manor Ln, Valdosta, Georgia

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4100 Mulligan Manor Ln
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