1838 Hazel Dr, Valdosta, GA 31602

Nice looking investment property here at an affordable entry level price point. Triplex built in 2006 is 100% occupied and ready for your investment. 2BR/2.5BA townhome style units all with same floorplan - both bedrooms with private baths upstairs with LR, kitchen and 1/2 bath downstairs. The property definitely has great curb appeal with nice landscaping and it is easy to tell this property has been well-kept by owner/seller who developed many properties in this nice neighborhood. Each unit individually metered for power/water. Large off-street parking lot has 10 spaces for residents and guests. Rents are $625, $550, & $550 to longer term tenants. Definitely room to bump rents when these units turn or come up for lease renewals. 7.8% proforma cap rate at $650/month rents and 30% operating expense factor.