901 Moore Street, Valdosta GA 31601 124111
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Rare entry level investment for 4 rented doors available in this portfolio / package sale with steady and proven rental history. 2 single family residences and 1 duplex unit. Mixture of 1BR/1BA, 2/1 and 3/1 units with turn-key rental income to collect the day you close. Several long-term tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. Several interior and exterior upgrades made over the years including new roofs, appliances, fencing, HVACs, doors, etc. Locations are at 901 E Moore St, 725 E Brookwood, and 409 N Forrest St. Currently 4 doors at 100% occupancy at $1210 total monthly rent. 10.69% cap rate with 30% operating expense. One tenant is on Section 8 voucher. As-is where-is condition, some deferred maintenance built into the asking price. See rent roll in documents.
Listing Provided By FIRST COMMERCIAL REAL ESTATE