610 Baytree Rd - Apartments FOR SALE


Valdosta, GA 31602
$4,250,000 USD
229-241-1471
610 Baytree Rd, Valdosta, GA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/17
null | 6.73% Cap Rate

610 Baytree Rd
Valdosta, GA 31602


HIGHLIGHTS

  • 2 blocks from Valdosta State University
  • Solid brick and concrete siding construction
  • Proven stabilized investment

OVERVIEW

University Midtown Apartments is an exceptional student housing investment that checks all the boxes! 35 doors total over a well balanced mix to appeal to all tenant preferences. Twenty-one 2 bedroom / 2.5 bath, twelve 3 BR / 1.5 BA townhomes, & two 1 BR / 1 BA flats - or 80 beds total over 5 separate buildings. Rare opportunity to pick up a property that is only 2 blocks / ±0.25 miles from Valdosta State University campus (±10,300 - 2024 Fall enrollment)! 2021 ground up construction for 23 units that surround 12 original condominium units that have been updated and upgraded with all the finishes students and professionals love! Granite tops, luxury vinyl plank flooring, canned lights / designer pendants over kitchen island, stainless appliances, W/D hookups, 9' ceilings, and more to attract and retain the best tenants who are willing to pay premium rents! Built to last with brick and concrete siding exteriors, architectural shingles, concrete parking pads, etc. Units individually metered and direct billed to tenants and no expensive amenities to keep up with as residents can use the schools facilities just blocks away. Landlord does provide internet. Room to add value here by raising under market rents and / or selling individual condominiums at retail prices. Current monthly rent is $36,670 with most recent leases trending up to $1,300/month. Rent roll, financials, floorplans, etc available to qualified buyers.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

35

PRICE/UNIT

$121,429

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown University Apartments in Valdosta

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

R-M

APN/PARCEL ID

0115C-248,0115C-254,0115C-255,0115C-256,0115C-257,0115C-258,0115C-259,0115C-260,0115C-261,0115C-262,0115C-263,0115C-264,0115C-265,0115C-266,0115C-267

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.