Combination of high-quality new construction as well as units completely gutted and rebuilt from top to bottom for this desirable complex with amenities. 10 new 2BR/2BA units and 28 rehabbed 1BR/1BA units give the Woodlands a great mixture of 38 total apartments appealing to a wide variety of tenants looking for high-end living. Professionally designed to include all the upgrades and high end finishes.New pool & clubhouse with workout center, technology room, and laundromat means tenants never need to leave this wonderful property. Rent is setup as an all-inclusive package that includes power & water with caps, cable & internet. This property came online in Fall / Winter 2016 and has been close to capacity since - currently at 97% occupancy - 8.22% cap rate with 30% opex. Note Financial Statement showing TTM is since construction completed so buyer must use proforma. Can be bought alone or with two sister complexes HeatherGlen and Timbers Condos- See Loopnet #s 20505260 & 20505321
Central Valdosta location only 4 blocks to VSU campus (±12000 enrollment) & SGMC attracts highest quality tenants looking for a convenient and luxury living option close to school and work. 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 (12,000+), 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" aw
