6 Plex for sale- Fully occupied - 11.9% GROSS CAP RATE
6 Unit Student Housing Investment - 9.8% Cap Rate - Fully Occupied
Marketing description
Financial Highlights:
- Gross Monthly Income: $7,600
- Gross Annual Income: $91,200
- Estimated NOI: ~$75,200
- Cap Rate: ~9.8%
This is an ideal asset for investors seeking strong cash flow, low operational complexity, and exposure to a growing student housing market.
Investment highlights
Excellent opportunity to acquire a fully leased 6-unit apartment building in the high-demand student housing market of Fort Valley. Conveniently located near Fort Valley State University, this property benefits from a well-documented housing shortage and strong, consistent rental demand.
Each unit offers a spacious 2-bedroom, 1-bath floor plan (~1,000 sq. ft. per unit) and is fully furnished, making this a true turnkey investment. The property is 100% occupied with student tenants ensuring immediate and stable income.
Tenants pay 100% of their own utilities, minimizing owner expenses and simplifying management. The building was constructed in 2005 and shares a parking lot with a brand-new 6-unit development scheduled for completion in June 2026, further enhancing the property's long-term value and appeal.
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