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1197 Jo Ree Street, 
Valdosta, GA 31601

$650,000


16

Beds


16

Baths


7,760

Sq Ft


Single Family


Virtual Tour

Pending

Listed by

Jeana Griffin

eXp Realty LLC.

888-959-9461

Last updated:

December 17, 2025, 10:04 AM

MLS#

925634

Source:

GA TABR

About This Home

1197 Jo Ree Street

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 upstairs—washer 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.

Home Facts

Single Family

16 Baths

16 Bedrooms

Built in 1979

Price Summary

650,000

$83 per Sq. Ft.

MLS #:

925634

Last Updated:

December 17, 2025, 10:04 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

16

Full Bathrooms:

8

Interior

Living Area:

7,760 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

7,760 Sq. Ft.

Year Built:

1979


Lot

Lot Size (Sq. Ft):

33,541


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$83 per Sq. Ft.

Source:GA TABR
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