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Listed by Jon Bollinger THE HERNDON COMPANY
$ 1,250,000
Est. payment /mo
Active
3400 N Barrack Obama #5 Valdosta, GA 31602
12 Beds
10 Baths
7,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $160
Subdivision Shalom Park
MLS Listing ID 147149
Bedrooms 12
HOA Y/N No
Property Sub-Type Investment
Property Description
This offering consists of the first building within the condominium complex, comprising five (5) well-maintained units labeled A–E. The property presents an excellent opportunity for an investor to retain the building as a single income-producing asset or, alternatively, sell units individually in the future, providing built-in exit flexibility. Each unit features a 3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. The units have a strong rental history, with current rents averaging approximately $1,400 per month, and market conditions support potential increases to $1,500 per month or more, offering immediate and long-term upside. Monthly condominium assessments for taxes and insurance will commence upon sale. In addition, the seller owns fifteen (13) additional units within the development and may consider selling additional units to an interested buyer, creating a rare opportunity to scale within the same community. This offering is well-suited for investors seeking stable cash flow, future appreciation, and optional condo sell-off potential.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning PRD
Interior
Interior Features Insulated, Ceiling Fan(s)
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Flooring Hardwood, Carpet, Tile, Luxury Vinyl
Appliance Refrigerator, Electric Range, Microwave, Dishwasher
Exterior
Exterior Feature None
Parking Features Garage Door Opener, 2 Cars, Garage
Garage Spaces 2.0
Pool None
View Y/N No
Roof Type Shingle
Garage Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two