101 Brooks

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.