Average square foot calculated using Size range provided by listing agent.
Description
AMAZING INVESTOR OPPPORTUNITY! 11% CAP RATE! Seize this prime investment opportunity in a high-demand college town facing a housing shortage. All are rented to the students at Fort Valley State University by the room. Total monthly income is $3, 500. 100% occupied for Fall/Spring. Turnkey - Fully leased and fully furnished (furniture package NOT included in the list price, must be purchased separately via a bill of sale to seller). NO MONTHLY RENT COLLECTION. Monthly income - $3, 500. Students pay for the entire semester in one lump sum AND they pay 100% of the utilities. All units are 3 bed/2 BA per side. Multiple units available including 2 triplexes ($445K)-monthly income on triplex - $5, 250. Duplex - 6 bed/4 BA total. Triplex-9 bed/6 BA total. Entire community is student rentals. Must submit mortgage preapproval prior to viewing. Lender - Anthony Thornton, Guaranteed Home Loans, 678-314-7764Show Description
MLS® Number10537887
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
Exterior
GarageNo
Approx. Age2023
BasementNone
DrivewayOver 1 Space per Unit
Garage Spaces
HeatCentral
A/CCeiling Fan(s), Central Air
Heating Fuel
Extras
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