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$4,250,000

Added 1 month ago

35 - 610 Baytree Rd, Valdosta, GA

Real Estate

For Sale

Listed price in listed location currency (USD).
$4,250,000

Added 1 month ago

8741797 sqft3
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Unit
Levels Residential Income
Size 41797 sqft
Garage No
HOA Fees 
Taxes $17,704
Days Active 43
Approx. Age 2021
Avg. Price Per Sqft $101
MLS® Number 144626

Property Address: 35 - 610 Baytree Rd, Valdosta, Georgia

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number144626
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorOther
GarageNo
Approx. Age2021
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

35 - 610 Baytree Rd, Valdosta, GA

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