Average square foot calculated using Size range provided by listing agent.
Description
AMAZING INVESTOR OPPORTUNITY! 11% CAP RATE! Seize this prime investment opportunity in a high-demand college town facing a housing shortage! 100% occupied for Fall/Spring. Turnkey-fully leased and fully furnished (furniture package NOT included in the list price, purchased separately via a bill of sale directly to seller). NO MONTHLY RENT COLLECTION. Students pay for the entire semester in one lump sum and students pay 100% of the utilities. All units are 3 bed/2 BA per side - Triplex - 9 bed/6 BA. Multiple units available including 2 duplexes ($297K each) - 6 bed/2 BA and another building w/ 6 doors- each door 3 bd/3ba- $980K. All units are rented to students at Fort Valley State University by the room. Total monthly income for Triplex is $5, 250. Duplex - $3, 500. 6 door bldg - $12, 600 Entire community is student rentals. Must submit mortgage preapproval prior to viewing. Lender - Anthony Thornton, Guaranteed Home Loans, 678-314-7764Show Description
MLS® Number10540128
Laundry Level
Central VacNo
FireplaceNo
Acreage1.25
Exterior
GarageNo
Approx. Age2024
BasementNone
DrivewayOver 1 Space per Unit
Garage Spaces
HeatCentral
A/CCeiling Fan(s), Central Air
Heating Fuel
Extras
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