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Listed by Tommy Cangelosi Landmark Realty and Investments, LLC
$ 370,000
Est. payment /mo
New
749 Lausanne Package Deal 5 units #5 Valdosta, GA 31601
12 Beds
5 Baths
4,586 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,586 sqft
Price per Sqft $80
Subdivision Vallotton Brothers
MLS Listing ID 154554
Bedrooms 12
HOA Y/N No
Lot Size 10,018 Sqft
Property Sub-Type Investment
Property Description
If you've been looking for a way to get into rental properties without having to piece together one house at a time, this is a great opportunity. This package includes five single-family rental homes located at 743, 745, 749, 804, and 807 Lausanne, all with tenants in place and producing income from day one. The portfolio is currently bringing in $4,140 per month, but what really caught my attention is the upside. The current rents are below where I believe the market is today. Similar homes in the area are leasing in the $925-$1,000 per month range. At an average rent of $950 per month, the portfolio would generate approximately $57,000 in annual gross income. Assuming a conservative 35% operating expense ratio, that equates to an estimated 10.0% pro forma cap rate at the $370,000 asking price. Whether you're a first-time investor or someone looking to add more doors to your portfolio, this is the kind of opportunity that checks a lot of boxes—immediate cash flow, below-market rents with room to grow, and the convenience of acquiring five properties in one closing instead of spending months trying to buy them individually.
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 Heat Pump
Cooling Central Air
Appliance Other
Exterior
Exterior Feature Manager Available, None
Parking Features Carport, Driveway
View Y/N No
Garage No
Building
Story 1
Level or Stories One