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33946651

616 & 603 Elberta, Fort Valley, GA 31030

JJ
GA 395680
Bob Mathews
Listed by Bob Mathews
$980,000
1 day on market
Updated 1 day ago
Opportunity zone

6-Unit Multifamily Investment Opportunity* 13% Cap Rate

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,000
Units 6
Beds 18
Cap Rate 13.70%
NOI $151,200
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps No
Pro-Forma NOI $134,700
Class A
Year Built 2026
Buildings 2
Parking Spaces 18 per unit
Investment Type Stabilized

Multifamily | 13.70% CAP | 6 Units

Marketing description

This newly constructed 6-unit multifamily building features six spacious 3-bedroom, 3-bathroom units (18 bedrooms and 18 bathrooms total), with each bedroom offering a private en-suite bathroom—an ideal layout for shared living.

Each unit includes durable finishes, plank flooring throughout, a black appliance package, and stackable washer and dryer.

As a newly constructed property, historical operating statements are not available because the building has not yet been occupied. Executed leases, projected income information, construction updates, the comparable appraisal, and lease documentation are available for qualified buyers upon request.

Only full price offers will be considered. No seller financing available

Must be preapproved prior to viewing. Preferred lender - Jesus Sanchez, Nexa Mortgage -

[email protected]

Contact Listing agent - Jill Jones [email protected]

Investment highlights

  • Brand-new construction scheduled for completion in late July 2026
  • Fully pre-leased for occupancy beginning August 1, 2026
  • Projected Gross Scheduled Income (SGI): $12,600 per month
  • Projected Gross Scheduled Income (SGI): $151,200 per year
  • 18 bedrooms leased at $700 per month
  • Semester-based rent collection – no monthly rent collection
  • Tenants pay 100% of their own utilities
  • Delivered fully furnished, including stackable washers & dryers in every unit*
  • Furniture package available for an additional $25,000 and is not included in the purchase price. Conveyed separately via Bill of Sale.
  • Optional professional property management available through an experienced local property management company
  • Identical building constructed by the same developer using the same floor plan and finishes recently appraised at $1,000,000 (appraisal available upon request)
  • Minutes from Fort Valley State University
  • Excellent opportunity for portfolio expansion or a 1031 exchange

Listing Contacts

JJ
GA 395680
Bob Mathews
Listed by Bob Mathews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,200.00
$12,600.00/mo

Valuation Metrics

0
DSCR
15.43%
Cap Rate
15.43%
ROI

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Additional Information

Name
Anthony Louie
License
395680
Brokerage
Realty Hub of GA
Brokerage Phone
510-776-5325
Title
Broker of Record
Brokerage Address
1201 West Peachtree, Suite 2300, Atlanta, GA 30309
Name
Jill Jones
License
395680
Brokerage Phone
5107765325
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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