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Located at 1197 Jo Ree Street, Valdosta, Georgia 31601, this Single Family Home is for Sale with a price of $650,000 USD. The property was built in 1979, includes 16 bedrooms, has 8 full baths and 8 partial baths. This listing has 7,760 Sq.Ft. of interior space on a lot of .77 Acres. See all Homes for Sale in Valdosta.
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30. 1197 Jo Ree Street
1. 1197 Jo Ree Street
2. 1197 Jo Ree Street
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GeorgiaValdosta1197 Jo Ree Street

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Description

1197 Jo Ree Street,

Valdosta, GA 31601

Attention Investors! Excellent opportunity to acquire an 8-unit multifamily property in a high-demand rental area of Valdosta. Built in 1979 on a 0.77-acre lot, this well-maintained property offers approximately 970 SF per unit with identical two-story layouts. Each unit features a living room, kitchen and half bath downstairs, with two bedrooms, a full bath, and a laundry area upstairswasher and dryer included. Current gross monthly rent is $5,945, with all units fully leased. Rents are below market, presenting clear upside, with market rates estimated at $1,100/month for renovated units. Four units have received partial updates, including LVP flooring, updated lighting, fresh paint, carpet in bedrooms and new appliances. Tenants pay all utilities. Roof was replaced in 2017 and maintained as needed. The parking lot has been resurfaced and striped, providing ample private parking for tenants. Located minutes from Valdosta State University, downtown, shopping and Moody Air Force Base. Strong rental history and professional management make this a turn-key income property with long-term value-add potential. Rent roll and investor summary available with proof of funds or pre-approval letter.

This is an Active listing.

Broker Office Phone Number: 888-959-9461

Copyright © 2025Thomasville Area Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Carpet
  • Carpeted Floors
  • Dishwasher
  • Refrigerator
  • Vinyl Flooring
  • Dryer Included
  • Washer / Dryer
  • Ceiling Fan
Listing By: eXp Realty LLC via Data Source: Thomasville Area Board of Realtors 
16
Bedrooms
8
Full Baths
8
Partial Baths
$650,000
price
$84
Price Per Sqft
$7,772
Annual taxes
Single Family Home
Property type
1979
Year Built
Valdosta City
School District
Valdosta City
School District
valdosta-city-valdosta-ga
Schools
15653658
Web Id
925634
MLS ID
30
Days Posted

Price History

datepricevariancetype
6/19/2025$650,000-Listed
listing agent: Jeana Griffin
more info
7,760 Sq Ft.
interior
0.77 Acres
Exterior
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    new listing

    1197 Jo Ree Street
    Valdosta, GA 31601

    $650,000
    16 bd8 ba