$875,000

Property Description

This newly renovated multi-unit property, twelve 1 BR 1 BA, is in walking distance to Fort Valley State University. Of the 12 doors, 11 units are occupied and have a 5-month term lease based on school semesters or 1 year lease. Currently being rented as student housing with a kitchenette. Two sets of washer and dryer are included in separate common areas for accommodation for tenants. Each unit is individually metered for water, sewer and paid by the tenant. All new plumbing and windows including 13 new electrical breakers boxes throughout the building. Owner is responsible for hallway electricity with a minimal utility bill with low maintenance fees. 8 out of the 12 units are furnished with beds/dressers/43 in screen smart TV. For student relaxation- picnic benches are a delight for a nice sunny breeze. All new LVP flooring throughout the entire building. Freshly painted. The potential cap rate at full occupancy is at 9%. Please do not disturb tenants. Property is sold as-is!

Property Features

  •  0.33
  •  None
  •  No
  •  Street Lights
  •  4192.00
  •  Electricity Individual Meters
  •  Public Sewer
  •  Public
  • Exterior Features

    • Parking Pad
    • Side/Rear Entrance
  •  Residential Income
  • Interior Features

    • Electric
    • Central Air
    • Heat Pump
    • Electric
    • Central
  • School Information

    • Fort Valley
    • Peach County
    Courtesy of Keller Williams Rlty Atl. Part

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    Alex Norkus

    (904) 280-3000
    Keller Williams Jacksonville Realty