1801 Springfield Drive

Valdosta, Georgia

Street View

13 rented doors and 1 developable lot available in this portfolio / package sale with steady and proven rental history. 12 single family residences and 1 duplex included with 7 of the properties contiguous and others very close by. Mixture of 2br/1ba and 3/1 units with turnkey rental income to collect the day you close. Several long-term tenants at under-market rents make this portfolio an excellent value-add opportunity to bump rents immediately or when they turn over. 7 contiguous doors and developable lot located at 1801, 1803, 1805, 1807, & 1809 springfield dr, 1103 & 1105 e cranford dr (duplex) and 0. 77 acre lot to east and south - 1714 clover drive very close by. 326 & 332 canna dr, 2305 deborah dr, 728 e jane, & 814 e brookwood pl. Currently 12 of 13 doors rented at $5,485 monthly with most recently turned unit's rents trending upwards. 9. 6% cap rate with 35% operating expense.
Property Detail
Bedrooms 0
Bathrooms 0
Property Type Land
Year Built 0
Home Size 10,442 sqft
Lot Size 3.6700 Acres
MLS# 119346
Neighborhood 3-S of Park Ave to E Oak St to S Hill Ave
County County
Features
Single Story
Listing Agent: John Courson Broker: FIRST COMMERCIAL REAL ESTATE Broker Phone: 2292451328
Location

Valdosta 1801 Springfield Drive

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Neighborhood Info

Valdosta - 31602

The vacancy rate of homes in 31602 is 7.34% with 47.71% of homes being owner-occupied. The median household income in 31602 is $38085 per year with those between 45 and 64 having the highest median income at $54416.

School in Valdosta, GA
School Type Grade Distance
Valdosta High School Public 9-12 5819.88 mi
Valdosta Middle School Public 6-8 5821.32 mi
Newbern Middle School Public 6-8 5818.45 mi
Neighborhood Demographic

Demographic in Valdosta - 31602

Median Income $38085
Avg Household Size 2.435
Median Age 31.93
White Collars 39%
College Grad 51%
Copyright 2019 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Home TypeLand
Year Built0
Lot Size3.6700 Acres

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