6004 Susan Cir - Apartments FOR SALE


Valdosta, GA 31605
$360,000 USD
229-244-3535
6004 Susan Cir, Valdosta, GA for Sale
$360,000 USD
Apartments - FOR SALE
1/17
null | 6.72% Cap Rate

6004 Susan Cir
Valdosta, GA 31605


HIGHLIGHTS

  • Turnkey investment at 100% occupancy
  • Updated interior and new roof in 2020
  • Across the street from Moody Air Force Base

OVERVIEW

Prime investment / ownership opportunity across the street from Moody AFB! Fully-occupied, turn-key multi-family property is a rare find for this high-demand location . Triplex with three 2BR/2BA units, each ±925 heated sq ft listed at well under replacement cost and barrier to entry because of military activity zone zoning. Updated interiors include luxury vinyl plank and tile flooring, modern kitchens with stainless steel appliances, washer/dryer hookups. Each unit also includes a small storage room off the back porch. Situated on a ±0.53-acre lot, tenants enjoy generous front and back yards, offering a sense of space and privacy. Built in 1997, the property has been consistently rented—primarily to Moody AFB personnel. Little to no maintenance issues upcoming with new roof in 2020 and modernized fixtures throughout. Rents are currently $1,100 for two units and $900 for a long-term tenant, with market rents trending towards $1500/mo. Units individually metered and direct-billed to tenants by utility service providers. Key Features: 100% occupancy with a mix of military and civilian tenants. Modern updates and spacious units. Prime location near Moody AFB. Strong rental history and room for rent growth.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

3

PRICE/UNIT

$120,000

CAP RATE

6.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

MAZ-2

APN/PARCEL ID

0180-081

ASK ABOUT THIS PROPERTY

John CoursonColdwell Banker Commercial Premier Real EstateMore Info
229-244-3535

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

John CoursonColdwell Banker Commercial Premier Real EstateMore Info
229-244-3535

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