615 Elberta St - Apartments FOR SALE


Fort Valley, GA 31030
$950,000 USD
503-953-0085
615 Elberta St, Fort Valley, GA for Sale
$950,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

615 Elberta St
Fort Valley, GA 31030


HIGHLIGHTS

  • Current cap rated based on T12: 10.87% | Forward tax adjusted cap rate: 9.33%
  • Recently renovated with updated kitchens, bathrooms, and appliances
  • Actual/effective year built: 2000/2009
  • Strong rents in a stable workforce housing community
  • Located in Fort Valley, an area with population growth and community improvements
  • Close to new developments and Fort Valley State University

OVERVIEW

Marcus & Millichap is pleased to present for sale Lavonta Apartments. Located at 615 Elberta Street, this recently renovated multifamily property has an actual/effective year built of 2000/2009 commanding strong rents and located within a stable workforce housing community. Situated in Fort Valley, a market experiencing steady population growth and ongoing community improvements, the property benefits from proximity to new developments and Fort Valley State University. Recent interior and exterior updates including modern kitchens, bathrooms, and new appliances—enhance its appeal and position it well for long-term performance.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

11

PRICE/UNIT

$86,364

CAP RATE

Request Cap Rate

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lavonta Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-2

APN/PARCEL ID

F05A-043

ASK ABOUT THIS PROPERTY

Harold ShepardMarcus & MillichapMore Info
503-953-0085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Harold ShepardMarcus & MillichapMore Info
503-953-0085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.