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1307 Dean Ln
Valdosta, GA 31601
Dean Lane Duplexes · Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | No. Stories | 1 | |
| Lot Size | 0.57 AC | Year Built | 1992 |
| Building Size | 4,071 SF | Parking Ratio | 1.47/1,000 SF |
| Zoning | M-F | ||
| No. Units | 6 |
| Property Type | |
| Lot Size | 0.57 AC |
| Building Size | 4,071 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | M-F |
ABOUT 1307 DEAN LN , VALDOSTA, GA 31601
UNDER CONTRACT SUBJECT TO SHORT-TERM DDP. Three duplexes (6 units) all sold together, as-is. 1307 A&B, 1305 C&D, 1303 E&F Dean Lane. 5 of 6 currently rented $375/mo avg, no leases - easy to increase. All units 1-br, 1-ba -- in short supply and very high demand in our market. Lots of upside value and higher rents easily obtainable in this under-performing sleeper investment property. Bring your strong and smart ownership and management experience, add some strategic repairs and upgrades, and create new value for your portfolio to hold or re-sale. Located in Remerton, the rental property capital of Valdosta & South GA -- a very popular Valdosta State University student-oriented village surrounded by Valdosta with quick & easy access to Mall shopping area & I-75. Very nice, quiet, peaceful setting, on short cul-de-sac, lots of shade trees all around. No operating history or P&Ls available. $2018 taxes $2,085. All utilities separated, some or all laundry hookups. Zoned M-F, multi-family. Suggest buyer contract subject to inspection during due diligence, and we'll arrange a showing of all units at once. Pro-forma cap 10.8% ($450/mo less 35% OpEx & vacancy.)
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $475.00 | 679 |
