Asking Price: $1,000,000
Building Size: 20,400 SQ FT
Lot Size: 65340
Cost per Square Foot: $49.02
Best Investment Opportunity on the market which includes three multi-unit buildings that are currently used as student housing. The use can be converted to multi-family, however with the high-demand for student housing within close proximity of Fort Valley State University, student housing has been highly successful over the years. In addition to the three multi-unit buildings there is a level, cleared lot next door that is included in the sale. Huge potential for another multi-unit building to be developed in the future to increase your overall wealth.
Key Points: 10.67% Cap Rate 21 Units 3 Multi-Family Buildings Development Opportunity: Level, Cleared Lot For a Fourth Multi-Family Building Currently Used as Student Housing 1.5 Mile Commute to Fort Valley State University 14 Minute Commute to I-75
Parking: 1.96 spaces per 1,000 sq. ft.