1014 Gordon Ave Adel, GA 31620
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson

  1014 Gordon Ave Adel, GA 31620

Active (129 Days)


Solid investment for 32 doors with larger units and proven rental history in Adel, GA. 8 brick buildings containing Four 2BR/1BA units each. 960 sf consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze way for entry to limit neighbor noise. Seller has been updating units with new tops, fixtures, paint, flooring, etc. Market rents trending to $750/month with units leasing up as soon as they turn. 5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place. Adel is small-town market but has pro-growth vision and leadership. Turnkey income in place, $750/month rent with 35% operating expense factor is with 8.70% proforma cap rate.

MLS #:
Lot Size
5.24 acres
Year Built
Cook County
Bathroom Details
  • South Adel
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Central Air
Basement Information
  • No
  • Tile
  • Vinyl
Exterior Features
  • Frame
  • Brick Veneer
  • Roof: Shingle
Utility Information
  • Utilities: Public
  • Sewer: Public Sewer
  • Driveway
  • Other
  • Guest
  • 1
Additional Listing Info
  • Buyer Brokerage Commission: 2.7
Calculate drive times to this property

Disclaimer: Copyright 2023 Valdosta Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/21/23 09:29