Tree Loft Apts - 20 total units comprised of twelve 3BR/2BA and eight 1BR/1BA apts. Each floor-plan is identical but the square footage and over-sized living rooms, closets and bedrooms are something you cannot find in an apartment these days. 3BR/2BA units are town-home style and have huge 20' open foyer areas. 1BR/1BA units stay full because of high demand for apartments in this location and price point. Every unit has either a large back porch or balcony and multiple floor to ceiling windows. Entire complex has new architectural shingle roof and many units have been upgraded as they come open. Several long term, stable tenants - 4 over 5 yrs, 1 over 20 yrs. Turnkey income in place - Trailing 24 months average NOI $80,390. Room to improve rents, increase occupancy and create value at this well known local complex.
Centrally located and only 3 blocks from VSU. Valdosta-Lowndes County is a prospering and vibrant metro area of 139,000+ serving a 10-county trade area of 500,000+. Just off I-75 & midway between Atlanta & Orlando, it's the population, retail, distribution, wholesale, governmental, educational, transportation, religious, cultural, recreational & economic hub, & the capital of South Georgia. Home to Valdosta State University (±11,500), Wiregrass GA Technical College (9000+), GMC Community College, Moody AFB (5000+), South GA Medical Center (two campuses), Wild Adventures Theme Park, & several major industries with more on the way. Progressive, professional & pro-active public & private leadership have created a positive & high-level quality of life. Multiple championships in competitive sports over the years earned us the first-ever winner of ESPN's "Title Town USA" award recently.
