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La Acienda Studios 1620 E Park Ave 17 Unit Apartment Building $615,000 ($36,176/Unit) Valdosta, GA 31602
Executive Summary
17-unit value-add apartment building in Valdosta's Opportunity Zone. The property includes 12 studios, 3 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units across 7,934 SF on a 0.71-acre lot. Six units are currently vacant and ready for renovation, creating immediate upside through lease-up and rent increases. Rents range from $550 to $750 per month, with a mix of annual and at-will leases. Conveniently located near downtown and major employers, this is an opportunity to reposition a multifamily asset with both current income and value-add potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $615,000 | Building Class | C |
| Price Per Unit | $36,176 | Lot Size | 0.71 AC |
| Sale Type | Investment | Building Size | 7,934 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | R-M | ||
| Price | $615,000 |
| Price Per Unit | $36,176 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 7,934 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R-M |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $625.00 | 600 |
| 1+1 | 3 | $712.50 | 700 |
| 2+1 | 2 | $800.00 | 800 |
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0153C-023 | Improvements Assessment | $134,316 (2025) |
| Land Assessment | $35,500 (2025) | Total Assessment | $169,816 (2025) |
Property Taxes
Parcel Number
0153C-023
Land Assessment
$35,500 (2025)
Improvements Assessment
$134,316 (2025)
Total Assessment
$169,816 (2025)
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La Acienda Studios | 1620 E Park Ave