2415 Seth Place Valdosta, GA 31602

Excellent and rare opportunity to own a mid-sized multi-family complex in rapidly growing Valdosta / South Georgia market! 56 doors across 8 buildings - each 2BR/2.5BA townhome style units all with same floorplan - both bedrooms with private baths upstairs with living/dining, kitchen and 1/2 bath downstairs. Flooring is carpet and tile, kitchens have pantry for storage, real wood cabinets, refrigerator, micro-hood, electric range and dishwashers. W/D hookups in each unit, all totally electric. Efficient 930 sf unit footprints allow for easy turns when tenants move out, while no on-site amenities also keep costs at minimum. Great curb appeal with common area greenspace / landscaping make it easy to tell this property has been well-kept by owner/seller who developed many properties in this nice neighborhood. Each unit individually metered for power/water - tenant responsibility. Plenty of parking for residents and guests. Would be very easy to bump rents to achieve proforma cap rate of 7.31% (35% OPEX) with market rents of just $795/door. Current average rent is already $732/door with several long term residents at well below market rental rates. 95% occupancy now and is usual. Professional property management in place now has this property running well and ready for your investment!