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Description

Turnkey Student Housing Investment | 83.3% Leased | Approx. 14% Gross Cap Rate when fully leased. Exceptional opportunity to acquire a 6-unit apartment building in the thriving student housing market of Fort Valley. Located just minutes from Fort Valley State University, this income-producing property offers immediate cash flow and strong long-term investment potential. The property consists of six spacious 2-bedroom, 1-bath apartments (approximately 1,000 square feet each) and will be 100% leased as of January 1, 2027, generating $7,600 per month ($84,800 annually) in gross rental income. Currently there is 1 vacant unit, which will be leased Jan 1, 2027. Investor Opportunity - Seller Offering Rental Income Protection! This 6-unit multifamily property is currently 83.3% occupied, with one unit recently vacated due to unforeseen tenant circumstances. Seller will provide a credit at closing for lost rental income from the closing date through December 31, 2026. Additionally, if a lease commencing January 1, 2027, has not been secured by closing, seller will provide an additional credit at closing equivalent to the vacant unit's rental income for January 1 through May 31, 2027. This seller incentive offers investors income protection during the lease-up period while providing an opportunity to secure a new tenant. All credits subject to lender approval, if applicable, and terms of the purchase agreement. 4 units are on a 10 month lease (1,280/mo), 1 unit on a 12 mo lease (1,200/mo) and 1 unit will be leased beginning Jan 1. Occupancy for Summer (June/July) is normally 50%. At the current asking price, the property offers an approximate 14% gross cap rate. Designed for simple ownership, students pay one lump-sum payment each semester, eliminating monthly rent collection, and tenants are responsible for all utilities, helping reduce owner expenses and maximize returns. Built in 2008, the property has a proven rental history and shares an access entrance with a brand-new 6-unit apartment building currently under construction, with an estimated completion date of Dec. 2026. The new development further enhances the property's long-term investment appeal while reinforcing the strong demand for quality student housing in the area. Investment Highlights: Fully leased as of Jan 1, 2027. Gross Rental Income: $7,600/month, Approximate 12.1% Gross Cap Rate Six 2-bedroom, 1-bath units (approximately 1,000 SF each) Students pay one lump-sum payment per semester. Tenants pay all utilities Low-maintenance, turnkey investment, Minutes from Fort Valley State University, Excellent opportunity for both new and seasoned multifamily investors.NO SELLER FINANCING AVAILABLE! Showings by appointment only. 48 hour notice required.

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Market Activity 31030

MLS#: 10795133
Listing Provided By: Realty Hub of Georgia, LLC