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201209 Gard Street, Valdosta, GA 31602

For sale$124,900

Est payment: $ / mo
Bedrooms:0 beds
Bathrooms:0 baths
Sq. Ft.:-- sqft
Lot:1.4 acre
Year Built:--

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Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

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Description

Approved 5 lot planned dev of a quality (townhome style with 1 car garage) project consisting of 5 duplex buildings for a total of 10 units on 5 separate lots. This will allow them to be sold separately or remain together under one owner. Currently two parcels consisting of (1) .334 Acre and (1) 1.061 Acre for a total of 1.395 AC. Lots will have a shared driveway easement (please see site plan). Low maintenance designed plan to view in documents. Each side of the duplex 3/2 will contain 1008 heated sf and a 235 sf single car garage. Projected Proforma Cash Flow Statement at $895 rent per new unit with owner providing pest control and lawn service with rent plus allowing 29% expense ratio (new construction should be much lower) would yield a overall project cap rate on the 10 units of a solid 8.5-9% CAP RATE. (Proforma used 24K lot cost and 155k construction on each duplex.)

Detailed Items

Architecture Style : Other
roof : Unknown

Listing info

Listing courtesy of Commercial Real Estate Advisors, LLC
Copyright © 2019 ListHub. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

is a lots and land listing of -- sqft on a lot of 1.4 acre. This lots and land listing has 0 bedrooms, and 0 baths. The map for this location is located at https://maps.google.com/?q=201-209+Gard+Street%2cValdosta%2cGA%2c31602.


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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