1533 Woodard St 5 Unit Apartment Building $599,900 ($119,980/Unit) Valdosta, GA 31601

Property Description: Exceptional Five-Unit Townhome Complex in the Heart of Valdosta/Remerton. This rare investment opportunity features a five-unit townhouse complex, ideally situated in the heart of Valdosta/Remerton. Each unit offers an identical 2-bedroom, 2.5-bathroom floor plan. The upstairs level includes two spacious bedrooms, each with a private en-suite bathroom, while the main floor features a welcoming living area, a convenient half bath, and a well-appointed kitchen. The kitchens include wood cabinetry with a pass-through to the dining area, creating an open and connected space. The fully electric appliance package includes a refrigerator, range/oven, dishwasher, and washer/dryer hookups. Two units feature LVP flooring, while the remaining three are finished with a combination of carpet and vinyl. Each residence includes a utility room and fenced partitions between rear entrances, providing added privacy for tenants. The property sits on a 0.71-acre lot and offers ample parking for both residents and guests. Each unit is individually metered for power and water, simplifying management and tenant billing. With a strong rental history and recent updates, current rents range from $895 to $995 per month. With the potential to increase all units to $995. Conveniently located just minutes from VSU and SGMC, this complex is well-positioned for continued rental demand. Based on potential rents of $995 per unit, the property demonstrates a proforma CAP rate of approximately 6.6%. This complex has a strong rental history, stable occupancy and presents an exceptional opportunity for both new and seasoned investors alike.