USAGAValdostaDowntown40-218 W Hill Avenue

40-218 W Hill Avenue, Valdosta, GA

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,680,000

000

MLS® 149607

Overview

Key Facts

Type Other

Levels Residential Income

Size 13602 sqft

Garage No

Maintenance Fees

Taxes $8,557

Days Active 19

Approx. Age

Avg. Price Per Sqft $197

MLS® Number 149607

Property Address: 40-218 W Hill Avenue, Valdosta, GA, 31601

Average square foot calculated using Size range provided by listing agent.

Description

Courlley Court II is a rare opportunity to invest in a turnkey, stabilized, and proven multifamily asset located in downtown Valdosta, Georgia. Offered at $2, 680, 000 (approximately $67, 000 per unit). The property consists of 40 total units, including 38 residential apartments and two on-site offices. The residential unit mix includes 36 efficient one-bedroom/one-bath units and 2 two-bedroom/one-bath units, along with a manager's office and additional office space. Originally constructed as a motel, the property was completely gutted and converted to apartment use in 2022. All residential units were fully rebuilt and feature durable finishes and efficient layouts with kitchenettes, updated cabinetry, flooring, fixtures, and lighting. Kitchenettes include mini-refrigerators, two-burner electric cooktops, and microhood vent systems. Courlley Court II operates under the Housing Choice Voucher (formerly known as Section 8) federally-funded housing program, providing reliable, government-backed rental payments and consistent demand. Pro forma rents average $875 per residential unit, equating to $35, 000 in monthly income ($420, 000 annually). Using a conservative 40% operating expense ratio, the property supports a 9.4% pro forma cap rate at the asking price. All residential units are individually metered for electricity and directly billed to tenants by Georgia Power, reducing landlord utility exposure. Ownership provides hot water, property-wide Wi-Fi, and dumpster service. Additional amenities include an on-site tenant laundry room. Major capital improvements include a new Duro-Last commercial roof installed in 2025, complete with a 20-year transferable warranty, significantly reducing near-term capital expenditure risk. Member of seller entity is a licensed real estate associate broker in Georgia.

MLS® Number149607

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 9, 2026List Date

$2,680,000List Price

Map

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