Adel, Cook County, GA House for sale Property ID: 416497369

Detailed Information

Type: Company
Price: $1,999,000
Location: Valdosta, Georgia
Address: 1014 Gordon Ave, Adel, GA, 31620
Zip: 31620
Size: 30688 square feet
Property size: 228260 square feet
Condition: Used
For sale by: Broker
Agent: John Courson

Solid investment for 32 doors with larger units and proven rental history in Adel, GA.

8 brick buildings containing Four 2BR/1BA units each. 960 sf consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze

way for entry to limit neighbor noise. Seller has been updating units with new tops, fixtures, paint, flooring, etc. Market rents trending to $750/month with units leasing up as soon as they turn. 5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place.

Adel is small-town market but has pro-growth vision and leadership. Turnkey income in place, $750/month rent with 35% operating expense factor is with 9.36% proforma cap rate. Copyright © 2023 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.

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