Mulligan Manor | 4100 Mulligan Rd
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Mulligan Manor 4100 Mulligan Rd
22 Unit Block of Flats £2,425,595 (£110,254/Unit) 7.45% Net Initial Yield Valdosta, GA 31605
Investment Highlights
- Value-Add
- Close to Moody Air Force Base
- Turn-Key Proven Investment Property
Executive Summary
Rare opportunity to buy 11 luxury living duplexes w/ close proximity to Moody Air Force Base in Valdosta GA. 22 doors total, each with 3BR/2BA in controlled/private setting. Recent updates include canned lighting, subway tile backsplash to accent real wood cabinets with refrigerator, range with micro-hood, d/w, and W/D hook-ups. Carpet/tile/stained concrete throughout, walk-in closets, trim, front and back porches & wooden fence buffers for privacy. All units are ADA compatible with wide doors, hallways & roll-in showers. Could divide and sell individual condos / duplexes to maximize ROI. Recent upgrades and desirable North Lowndes County location put these units in high demand w/ rents trending upwards. Always at 95-100% occupancy - Proforma cap rate is 7.45% with market rents at $1250/mo and 30% OPEX factor! Jobs, schools, entertainment, recreation, shopping, dining, retail etc all around this location! Priced well below replacement cost with Turn-key AND Value-add opportunities for this solid and proven investment property in excellent location!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,425,595 | Apartment Style | Garden |
| Price Per Unit | £110,254 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.88 AC |
| Net Initial Yield | 7.45% | Building Size | 28,468 SF |
| Gross Rent Multiplier | 9.39 | Average Occupancy | 100% |
| No. Units | 22 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2013 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Price | £2,425,595 |
| Price Per Unit | £110,254 |
| Sale Type | Investment |
| Net Initial Yield | 7.45% |
| Gross Rent Multiplier | 9.39 |
| No. Units | 22 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.88 AC |
| Building Size | 28,468 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2013 |
| Parking Ratio | 1.76/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Oven
- Walk-In Closets
- Double Pane Windows
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 22 | £978.06 | 1,542 |
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PROPERTY TAXES
| Parcel Number | 0145C-090A | Total Assessment | £24,538 (2023) |
| Land Assessment | £19,154 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £5,383 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0145C-090A
Land Assessment
£19,154 (2023)
Improvements Assessment
£5,383 (2023)
Total Assessment
£24,538 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | P-D (Planned-Development) |
| P-D (Planned-Development) |
-
Thomas Call -
John Courson -
Coldwell Banker Commercial Premier Real Estate
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Mulligan Manor | 4100 Mulligan Rd
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