Great 3/2 Flip Opportunity In Valdosta | Rental opportunity @ MORE THAN the 1% Rule

Lowndes County, Valdosta, GA, 31602
Sold
Listed at: January 13th, 2022
Price
$79,995
ARV
$164,000
Gross Margin
$84,005
Sq. Footage
1552
Type
Single-Family
Parking
Garage
Year build
1984
Lot size
10000.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Great 3/2 Flip Opportunity In Valdosta | Rental opportunity @ MORE THAN the 1% Rule


  • Great location 6 min from Valdosta State University, 7 min from downtown, 14 min from the airport, 16 min from Air Force Base.
  • 4-year tenant in place paying $900/ month and is currently month-to-month
  • Great buy and hold @ MORE THAN the 1% rule



NOT FOR PUBLIC DISTRIBUTION. PRIVATE COMMUNICATION ONLY 

If you are a real estate agent and have a potential buyer lined up for the property, please add your commission to the suggested price. Thank you!


Address: 2505 Lowndes Drive, Valdosta, GA, 31602


Asking Price: $79,995


Detail of lot in purchase agreement according to homeowner and public information: (please do your own due diligence)

  • 3/2
  • Garage
  • Living sq. ft. 1,552 sq ft
  • lot size:10,000 sq ft
  • Built 1984
  • Taxes: $1,019.45 without homestead exemption OR $953.08 with homestead exemption
  • Currently tenant occupied @ $900 / month - lease is month to month
  • Lease agreement available upon request


Comps:

  • 2605 Lowndes Dr, Valdosta GA 31602 - Sold for $105K (NOT REMODELED)
  • 6 Richmond Pl, Valdosta, GA - Sold for $95K (NOT REMODELED)


Inspection info:

  • Please call or text Dylan Blecher 407-308-2354


Repairs:

  • .Please see pictures. -


Offers:

  • Property is expected to go highest and best.
  • Text or Call Dylan Blecher 407-308-2354 Email:dylan@myfloridahousebuyer.com


Important note:

  • Cash or hard money required for closing.
  • Non refundable deposit required: $3,000 for property under $150k and minimum $5,000 for property over $150k.
  • Buyers are responsible for their own due diligence.
  • Buyer understands they are buying "As-Is".
  • Buyers pay all closing costs.
  • All financial projections and estimates are based on our own analysis and opinion.
  • Please do not show up to the property unannounced.


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Pupo

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Disposition manager