Listing

Property Description:

Value-Add play here for a 5 single-family home investment portfolio with proven track record. All 5 houses on the same street and have long term residents at under market rents. Addresses are 719 Vallotton (2/1 for $725/mo), 724 Vallotton (3/1 for $700/mo), 726 Vallotton (3/1 for $800/mo), 813 Vallotton (3/1 for $700/mo), and 818 Vallotton Drive (3/1 for $700/mo). Located right in the heart of the city of Valdosta with jobs, schools, retail, commercial, places of worship in all directions! Total monthly rent of $3625 is better than the famous 1% rule and pegs this at an 8.5% capitalization rate with 35% operating expense factor. Professional property management in place - tenants responsible for their own utilities. This package is part of a larger portfolio of 25 similar single family homes listed together as MLS # 143376 and can be bought alone or with combinations of other packages broken out of the 25 total homes. See MLS #s 144574, 144575, 144577, 144579, 144580, & 144582 for smaller packages.