415 Northside DrValdosta, GA 31602

Property Details for 415 Northside Dr

Year built

1972

Property size (Sq ft)

45,050 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8717

Longitude

-83.2797

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