1200-1204 Melody Ln
Valdosta, GA 31601
Magnolia on Melody · Multifamily Property For Sale
·
30 Units
Property Facts
| No. Units | 30 | Building Size | 32,400 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 1.50 AC | ||
| Zoning | M-F | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 32,400 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | M-F |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Porch
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
About 1200-1204 MELODY LN , VALDOSTA, GA 31601
Proven history for this 30 unit, 2BR/1.5 bath townhome investment in the heart of Valdosta directly between Valdosta State University (±11,500 enrollment) and the Valdosta Mall. Consistently rented at 93%+ occupancy for several years in a row. Great living room with see through bar top into kitchen, half bath downstairs - all tile. Front and back porch areas with small outside storage room. 2 large bedrooms upstairs have carpet and nice sized closets, full bath with tile and smaller linen / storage closets throughout. Completely fenced on three sides, low maintenance brick and vinyl siding. Rents are being bumped on turnovers from $575/unit to $610/unit because of high demand. All electric appliances included - refrigerator, dishwasher, range, disposal, washer/dryer, central HVAC. Proforma cap rate of 9.0%+ at $575/unit with projections (see documents). Actual financials available to qualified prospects.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 30 | $592.50 | 1,080 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $62,064 | |
| Land Assessment | $0 | Total Assessment | $62,064 |
Property Taxes
