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1616 E Park Ave - 1616-1618 E Park Ave | House + ADU Investment 2 Unit Apartment Building Offered at $280,000 Valdosta, GA 31602
Investment Highlights
- 6BR/3BA main home offers multiple leasing strategies
- 1-year-old roof
- Storage building, carport, circular driveway, and additional parking
- Potential owner-occupant or investment opportunity
- 2-year-old HVAC
- Updated electrical and plumbing
Executive Summary
Excellent investment opportunity featuring a 6-bedroom, 3-bath house and a detached 2-bedroom, 1-bath apartment on 0.75 acres. The apartment is separately metered and currently leased to a long-term tenant paying $800/month, providing immediate rental income. Tenant is willing to vacate if needed. The property offers multiple income strategies, including renting both units, renting the main house by the room, or owner-occupying one unit while leasing the other. Major updates include a 1-year-old roof, 2-year-old HVAC, updated electrical, and replaced plumbing beneath the home. Additional amenities include a storage building, carport, circular driveway, and extra parking. Sold As-Is.
Property Facts
| Price | $280,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $140,000 | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 3,283 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Zoning | R-6 | ||
| Price | $280,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.75 AC |
| Building Size | 3,283 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Zoning | R-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $800.00 | 775 |
| 6+3 | 1 | - | 2,508 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
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1616 E Park Ave - 1616-1618 E Park Ave | House + ADU Investment