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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$650,000

Est. payment - /mo

0.98 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Fv Commercial 207

MLS Listing ID 10795133

HOA Y/N No

Year Built 2008

Annual Tax Amount $4,817

Tax Year 2025

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions 42688.8

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Turnkey Student Housing Investment | Fully Leased | Approx. 12.1% Gross Cap Rate. Exceptional opportunity to acquire a fully leased 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 is 100% leased as of August 1, 2026, generating $7,600 per month ($78,400 annually) in gross rental income. 5 units are on a 10 month lease, 1 unit on a 12 mo lease, with approximately 50% of the units occupied for Summer (June/July).At the current asking price, the property offers an approximate 12.1% 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 a parking lot with a brand-new 6-unit apartment building currently under construction, with an estimated completion date of late Aug 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 August 1, 2026 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. NO SHOWINGS AUG 1-16, due to students moving in and the beginning of school.

Location

State GA

County Peach

Rooms

Bedroom Description No

Basement None

Interior

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Parking Features Over 1 Space per Unit

Community Features None

Utilities Available Electricity Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Hunt

Middle Schools Fort Valley

High Schools Peach

Others

HOA Fee Include None

Tax ID F05A 331

Special Listing Condition Updated/Remodeled

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Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

101 Brooks Fort Valley, GA 31030

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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101 Brooks

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