Bought with Pamela Miller • Anchor Realty of South Georgia, LLC
$136,000
$158,294
14.1%For more information regarding the value of a property, please contact us for a free consultation.
* Ponderosa Drive Valdosta, GA 31601
2 Baths
2,120 SqFt
Key Details
Sold Price $136,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $64
Subdivision Forrest Place
MLS Listing ID 144574
Sold Date 06/02/25
HOA Y/N No
Annual Tax Amount $1,125
Tax Year 2024
Lot Size 0.507 Acres
Property Sub-Type Multi Unit
Property Description
Excellent investment opportunity to pickup side-by-side rental homes and start earning income as soon as you close! Buying these two occupied adjacent homes is an efficient way to measuredly grow your investment portfolio while easily keeping an eye and control on multiple tenants in one spot! It's like buying a duplex but these single-family homes can command more rent because of not having to share a neighboring / common wall! Both 907 & 909 Ponderosa Drive are 3 BR / 1 BA homes rented at $900 & $825 respectively. 907 is 1054 sq ft and 909 is 1066 sq ft for a total of 2120 or only $67/sf!!! Total monthly rent of $1725 pegs this at an 8.5% capitalization rate with 35% operating expense factor. Professional property management in place and tenants get their own utilities. This 2 home package is part of a larger portfolio of 25 similar single family homes listed together as MLS # 143376 and can be bought alone or with combinations of other packages broken out of the 25 total homes listed FOR SALE. See MLS #s 144575, 144577, 144579, 144580, 144581, & 144582 for smaller packages.
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 Other
Exterior
Exterior Feature Other
Roof Type Shingle
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID 0155 053-054
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