Adair West – 14 Units

Waterstone Multi-Housing Advisors is pleased to present Adair West Apartments; a 14-unit property, built in 1993, and located in Valdosta, Georgia. This property has one building and sits on one parcel located on the corner of N Toombs Street and W Adair Street. The property consists of 10 – 1 Bed / 1 Bath units and 4 – 2 Bed / 1 Bath units. The property is separately metered as the tenants pay for the water and electricity.

The property is in excellent condition and is a perfect opportunity for an investor looking to break into the Multifamily space or add to their existing portfolio in the Valdosta, GA area. The property has rents that are on the low end of the existing rental comps in the area.

Valdosta, located in the far southern portion of the state, near the Florida line along the Interstate 75 corridor, is a commercial center of South Georgia with numerous manufacturing plants. The surrounding area produces tobacco, naval stores, particularly turpentine as well as pine lumber and pulpwood. Valdosta is called the “Naval Stores Capital of the World” because it supplies 80% of the world demand for naval stores. Moody Air Force Base is located about 10 miles northeast of Valdosta.