Bought with Alison Stokes • Mercer Hughes Real Estate Group, Inc.
$114,800
$119,800
4.2%For more information regarding the value of a property, please contact us for a free consultation.
804, 809 Lausanne Drive Valdosta, GA 31601
2 Baths
1,893 SqFt
Key Details
Sold Price $114,800
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,893 sqft
Price per Sqft $60
Subdivision Vallotton Bros
MLS Listing ID 129537
Sold Date 07/15/22
HOA Y/N No
Annual Tax Amount $1,186
Tax Year 2021
Lot Size 0.440 Acres
Property Sub-Type Multi Unit
Property Description
Package deal for 2 homes with turnkey income ready to collect on day 1. Central Valdosta location for two 3 bedroom / 1 bathroom homes on across the street from each other on Lausanne Drive. Both homes are totally electric with central HVAC, W/D hookups, and have been recently painted had new roofs installed with architectural shingles. Multi-year tenants in place with excellent rental history. Current rents are $650/month each for $15,600 annual gross peg this investment package at a 9.11% cap rate at 30% operating expense factor. Addresses are 804 & 809 Lausanne and can be bought individually subject to lease agreements in place for $59,900 each. See MLS #s
Location
State GA
Area 3-S Of Park Ave To E Oak St To S Hill Ave
Zoning R-6
Interior
Interior Features Other
Heating Central, Electric
Exterior
Exterior Feature None
Pool None
Roof Type Shingle,Architectural
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID Multiple
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