USAGAValdostaLankford1604 Lankford Drive

1604 Lankford Drive, Valdosta, GA

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,595,000

221

MLS® 153297

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 11730 sqft

Garage No

HOA Fees

Taxes $136

Days Active 13

Approx. Age 2026

Avg. Price Per Sqft $221

MLS® Number 153297

Property Address: 1604 Lankford Drive, Valdosta, GA, 31601

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

Description

1604 Lankford Drive offers a rare opportunity to acquire a newly constructed 15-unit multifamily asset in the highly desirable Valdosta market. Delivering in late April 2026, this ground-up development provides the advantages of modern construction, minimal deferred maintenance, and an accelerated path to stabilization, with 12 of 15 units already pre-leased on 12-month terms to begin upon developer's receipt of Certificate of Occupancy. The property features fifteen identical one-bedroom, one-bathroom units, each approximately 782 square feet, designed for efficiency and strong tenant appeal. Units include central HVAC, in-unit washers and dryers, 9-foot ceilings, luxury vinyl plank flooring, matching set appliances, and walk-in closets, creating a Class A-style living environment. Units are pre-leasing at $1, 295 per month, generating projected annual gross income of approximately $233, 100 and providing a stable, predictable revenue stream. Each unit is individually metered, with tenants direct billed by utility provider(s) for power, water and internet while landlord covers trash and lawn care, resulting in an efficient expense structure. Strategically located just off St. Augustine Road and US Highway 84, the property benefits from strong visibility along a well-traveled corridor, with traffic counts of approximately 11, 800 vehicles per day on Lankford Drive and 21, 600 on St. Augustine Road. The site offers immediate access to Valdosta's primary retail / commercial corridor, Interstate 75 (Exits 16 and 18), Valdosta State University, major employers, healthcare providers, and Moody Air Force Base, supporting sustained rental demand. Constructed with durable, low-maintenance materials, this turnkey asset delivers immediate cash flow with minimal lease-up risk in one of South Georgia's most active multifamily submarkets.

MLS® Number153297

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2026

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

Apr 14, 2026List Date

$2,595,000List Price

Commute

Commute

Starting Address

Destination Address

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