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1726 W Gordon St
Valdosta, GA 31601
Pine Ridge Apartments · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.67 AC |
| Property Type | Multifamily | Building Size | 11,160 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2009 |
| Building Class | C | Parking Ratio | 2.24/1,000 SF |
| Zoning | O-R | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 11,160 SF |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | O-R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
ABOUT 1726 W GORDON ST , VALDOSTA, GA 31601
Under HARD contract with closing scheduled for mid April. Twelve 2BR/2.5BA townhome style units all with same ±930 sf floorplan - both bedrooms with private baths upstairs with LR, kitchen and 1/2 bath downstairs. The property consists of two separate 6 unit buildings built in 2009 and still has great curb appeal with landscaping, brick facades making it easy to tell this property has been well-kept by owner/seller. Each unit individually metered for power/water and. Large off-street parking lot has plenty of spaces for residents and guests. Rents are trending up to $695 for the units most recently turned. Definitely room to bump rents when these units turn or come up for lease renewals. 7.45% proforma cap rate at $695/month rents and 30% operating expense factor. Located in Remerton, the rental property capital of Valdosta & South GA - a popular VSU student-oriented village surrounded by Valdosta with quick & easy access to Valdosta Mall & I-75. These units built to code as condominiums if buyer wanted to buy and then setup condo association and then re-sell units individually.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | $695.00 | 930 |
PROPERTY TAXES
| Parcel Number | 0084B-102 | Improvements Assessment | $471,921 |
| Land Assessment | $40,200 | Total Assessment | $512,121 |
PROPERTY TAXES
