Sustella Ln #3, Valdosta, GA 31601

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 15 similar single family homes and can be bought alone or with combinations of other packages broken out of the 15 total homes listed FOR SALE. See MLS #s 144575, 144580, & 144582 for smaller packages.