bedrooms
8
bathrooms
3
square feet
3,076
Acreage
0.64
Open Houses
-
year built
-
Full Baths
3
Half Baths
0
This investment opportunity is perfect for the investors who like the 1% rule - it's actually better! 3 doors on two separate parcels. 511 Sustella Avenue is a large 4 bedroom / 1 bath home filled with character that you never see in newer homes these days! Current rent here is $1100 / month but a previous Section 8 voucher leased this location for $1500/month! 522 Green Street is a two door deal - 3 bedroom one bath house in the front leased at $640 / month and a 1 / 1 detached apartment in the back leased at $600/month - both of which could be bumped to market rates! 1480 sq ft for Sustella and a combined 1596 sq ft for Green total 2500 or only $85/sf!!! Total monthly rent of $2,340 prices this deal at an 8.5% capitalization rate with 35% operating expense factor. Professional property management in place - tenants responsible for their own utilities. This 3 door 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 144574, 144575, 144579, 144580, 144581, & 144582 for smaller packages.
Location | |
Subdivision | N/A |
County | - |
Elementary School | - |
Middle School | - |
High School | - |
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MLS number: 144577
Listing agent:
John Courson
Listing broker:
Coldwell Banker Premier Real E
(229) 244-3535
Copyright © 2025 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.
[source]
Last update: Tuesday, April 22 2025 at 2:46 p.m. EDT
Kotohomes National
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