2415 Seth Place Valdosta, GA 31602
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson

  2415 Seth Place Valdosta, GA 31602

Pending (94 Days)


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!

MLS #:
Lot Size
2.89 acres
Year Built
Lowndes County
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathrooms: 10
  • Shiloh Forest
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Central Air
Basement Information
  • No
Pool Information
  • None
  • Carpet
  • Tile
Exterior Features
  • Frame
  • Vinyl Siding
  • Roof: Shingle
Utility Information
  • Utilities: Public
  • Sewer: Public Sewer
  • 3+ Cars
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.25
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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