Bought with John Courson • FIRST COMMERCIAL REAL ESTATE
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407 Pendleton Place Valdosta, GA 31602
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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 20,532 sqft
Price per Sqft $60
Subdivision College Park
MLS Listing ID 124191
Sold Date 05/03/21
HOA Y/N No
Annual Tax Amount $10,065
Tax Year 2020
Lot Size 1.127 Acres
Property Description
24 - two bedroom / one bath well-kept units located in the heart of Valdosta. Only 1/10 of a mile to both South GA Medical Center & Valdosta State University north campus (12,300 enrollment), but also tucked away with buffers on all sides to minimize traffic, noise, etc and allow residents a quiet place to call home. Many units have been updated to include new appliances, counter-tops, fixtures, etc. 856 sf each includes large bedrooms & closets, combo living / dining rooms all with carpet. Vinyl in kitchen and baths. Linen closet, W/D hookups, and front and back porch areas make these efficient apartments have a much bigger feel. Great looking exterior made up of brick and real wood siding, landscape, and maintenance / storage shed for owner's tools or equipment. Proforma 7.29% cap rate with 5% vacancy and 40% OPEX factor. Rents are currently $495-575/mo but could easily be bumped.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning R-P
Interior
Interior Features Insulated, Cable TV Available, Ceiling Fan(s), Blinds
Heating Central, Electric
Cooling Carpet, Vinyl
Flooring Carpet, Vinyl
Exterior
Exterior Feature None
Pool None
Roof Type Architectural
Porch Front, Rear
Parking Type 3+ Cars, Guest
Building
Story Two
Sewer Public Sewer
Water Public
Others
Tax ID 0114A 180
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