610 Baytree Road

Property Description

University Midtown Apartments is an exceptional student housing investment that checks all the boxes! 35 doors total over a well balanced mix to appeal to all tenant preferences. Twenty-one 2 bedroom / 2.5 bath, twelve 3 BR / 1.5 BA townhomes, & two 1 BR / 1 BA flats - or 80 beds total over 5 separate buildings. Rare opportunity to pick up a property that is only 2 blocks / 0.25 miles from Valdosta State University campus (10,300 - 2024 Fall enrollment)! 2021 ground up construction for 23 units that surround 12 original condominium units that have been updated and upgraded with all the finishes students and professionals love! Granite tops, luxury vinyl plank flooring, canned lights / designer pendants over kitchen island, stainless appliances, W/D hookups, 9' ceilings, and more to attract and retain the best tenants who are willing to pay premium rents! Built to last with brick and concrete siding exteriors, architectural shingles, concrete parking pads, etc. Units individually metered and direct billed to tenants and no expensive amenities to keep up with as residents can use the schools facilities just blocks away. Landlord does provide internet. Room to add value here by raising under market rents and / or selling individual condominiums at retail prices. Current monthly rent is $36,670 with most recent leases trending up to $1,300/month. Rent roll, financials, floorplans, etc available to qualified buyers.