1197 Jo Ree Street Contingent Save Request In-Person Tour Request Virtual Tour
Valdosta,GA 31601
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Contingent
Purchase Type For Sale
Square Footage 7,760 sqft
Price per Sqft $83
Subdivision No Recorded Subdivision
MLS Listing ID 925634
Style Traditional
Bedrooms 16
Full Baths 8
Half Baths 8
Year Built 1979
Annual Tax Amount $3,134
Tax Year 2024
Lot Size 0.770 Acres
Property Sub-Type Multi-Unit
Property Description
Attention Investors! Excellent opportunity to acquire an 8-unit multifamily property in a high-demand rental area of Valdosta. Built in 1979 on a 0.77-acre lot, this well-maintained property offers approximately 970 SF per unit with identical two-story layouts. Each unit features a living room, kitchen and half bath downstairs, with two bedrooms, a full bath, and a laundry area upstairs—washer and dryer included. Current gross monthly rent is $5,945, with all units fully leased. Rents are below market, presenting clear upside, with market rates estimated at $1,100/month for renovated units. Four units have received partial updates, including LVP flooring, updated lighting, fresh paint, carpet in bedrooms and new appliances. Tenants pay all utilities. Roof was replaced in 2017 and maintained as needed. The parking lot has been resurfaced and striped, providing ample private parking for tenants. Located minutes from Valdosta State University, downtown, shopping and Moody Air Force Base. Strong rental history and professional management make this a turn-key income property with long-term value-add potential. Rent roll and investor summary available with proof of funds or pre-approval letter.
Location
State GA
County Lowndes
Area Other/See Remarks
Interior
Flooring Carpet,Luxury Vinyl
Laundry Stackable Appliances
Exterior
Roof Type Shingle
Building
Story Two
Foundation Slab
Stories Two
Others
Virtual Tour https://tour.usamls.net/1197-Jo-Ree-Street-Valdosta-GA-31601/unbranded