4100 Mulligan Rd - Apartments FOR SALE


Valdosta, GA 31605
$3,100,000 USD
229-241-1471
4100 Mulligan Rd, Valdosta, GA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/45
null | 7.45% Cap Rate

4100 Mulligan Rd
Valdosta, GA 31605


HIGHLIGHTS

  • Value-Add
  • Turn-Key Proven Investment Property
  • Close to Moody Air Force Base

OVERVIEW

Rare opportunity to buy 11 luxury living duplexes w/ close proximity to Moody Air Force Base in Valdosta GA. 22 doors total, each with 3BR/2BA in controlled/private setting. Recent updates include canned lighting, subway tile backsplash to accent real wood cabinets with refrigerator, range with micro-hood, d/w, and W/D hook-ups. Carpet/tile/stained concrete throughout, walk-in closets, trim, front and back porches & wooden fence buffers for privacy. All units are ADA compatible with wide doors, hallways & roll-in showers. Could divide and sell individual condos / duplexes to maximize ROI. Recent upgrades and desirable North Lowndes County location put these units in high demand w/ rents trending upwards. Always at 95-100% occupancy - Proforma cap rate is 7.45% with market rents at $1250/mo and 30% OPEX factor! Jobs, schools, entertainment, recreation, shopping, dining, retail etc all around this location! Priced well below replacement cost with Turn-key AND Value-add opportunities for this solid and proven investment property in excellent location!

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

22

PRICE/UNIT

$140,909

CAP RATE

7.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mulligan Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

P-D

APN/PARCEL ID

0145C-090A

ASK ABOUT THIS PROPERTY

Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

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Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.