MultifamilyActive

619 Elberta Street

Fort Valley, GA 31030 · Peach County · FMLS #7865643

List price$979,0006 units · $163,167 per unit
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Location

619 Elberta Street, Fort Valley GA 31030

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List Price$979,000
6 Units$163,167 per unit
Published yieldsYields UnpublishedRent coverage 0%, yields unpublished
IncompleteListing evidence · class C
Rents0 / 6 units
Who paysWater unknown · 6 units unknown
OccupancyNot in remarks
FinancialsMLS GI/NOI present · Tax $4,500 (2024)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

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Data last updated: November 8, 2026 at 7:00 AM EST
ACTIVE
FMLS #7865643
Listing Provided By Keller Williams Realty West Atlanta · 470-907-8266
Description

Property Description

6 BRAND-NEW MULTIFAMILY UNITS | 18 BEDROOMS | $151,200 PROJECTED ANNUAL GROSS RENTAL INCOME | $979,000 ASKING PRICE! An exceptional new construction investment opportunity in Fort Valley, Georgia! Discover 619 Elberta Street, a six-unit multifamily property designed for flexible rental strategies, with an estimated completion date of December 15, 2026. Offered at $979,000, approximately $121,000 below its reported $1.1 million desktop appraisal, this property offers investors an opportunity to acquire six newly constructed units in one transaction. SIX UNITS. EIGHTEEN BEDROOMS. EIGHTEEN BATHROOMS. Each unit features a spacious 3-bedroom, 3-bathroom floor plan with granite countertops, stainless steel appliances, luxury vinyl plank flooring, open-concept living areas, modern finishes, and central heating and cooling. The property also offers nine parking spaces. INVEST IN A REGION ATTRACTING MAJOR ECONOMIC DEVELOPMENT! Peach County is the focus of approximately $4.3 billion in announced manufacturing investments, including Blue Bird Corporation's $300 million Fort Valley expansion and Audi's planned $4 billion Middle Georgia manufacturing facility. Together, these announcements represent approximately 4,875 planned jobs, creating potential future opportunities for local rental housing demand. Job creation, project timelines, and rental demand are not guaranteed. TWO WAYS TO PURCHASE! Option 1: Purchase vacant and unfurnished, giving you the flexibility to establish your own leasing and management strategy. Option 2: Explore an optional furnished student-housing investment package with tenant placement services available for an additional fee. Student occupancy is targeted for January 31, 2027, subject to leasing activity, executed agreements, and tenant availability. Neither occupancy nor rental income is guaranteed. INVESTMENT POTENTIAL: At a projected $700 per bedroom per month, the property offers $12,600 in potential monthly gross rental income and $151,200 annually at full occupancy, before vacancy and operating expenses. This equates to a 15.44% gross scheduled income yield based on the asking price, not a cap rate. A projected financial package and pro forma are available for qualified buyers. Ideal for investors evaluating multifamily portfolio expansion, student housing, workforce rental opportunities, or a potential 1031 exchange. Located in the Fort Valley market near Fort Valley State University. Cash and conventional financing considered. DSCR financing may be available subject to lender approval. Buyers should consult their tax professionals regarding potential year-end acquisition and depreciation strategies. NEW CONSTRUCTION. SIX INCOME-PRODUCING UNITS. ONE INVESTMENT OPPORTUNITY. Schedule your private showing and request the investor financial package today!
Listing facts

From this record

  • Incomplete, 0 of 6 unit rents

6 doors on the listing. Generic market notes are below the fold.

Tax Advantage

Opportunity Zone Property

Tract 13225040302

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits, primarily the potential exclusion of post-investment appreciation after a 10-year hold, when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only, not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 31030, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 1–––––––––
Unit 2–––––––––
Unit 3–––––––––
Unit 4–––––––––
Unit 5–––––––––
Unit 6–––––––––
Total0 of 6 units with rent$0Y = owner-paid ·, = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. Enter GPI, incomplete roll. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished, thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7.75% / 25-yr amort. Conventional = 25% / 7.75% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

Jeff’s Investment Take

Market data · November 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete, 0 of 6 unit rents
Opportunity ZoneTract 13225040302

This property sits in a Qualified Opportunity Zone. For investors with a longer hold and proper QOF structure, the potential exclusion of post-investment appreciation after 10 years remains a meaningful tax-side consideration alongside the deal metrics above.

Educational only, not tax advice. Benefits depend on timing, fund structure, and holding/improvement tests. Confirm with your CPA.

Directional local contextPeach County

Thin sample for this geography. Treat medians as orientation only, verify with current rent roll and comps.

Med. close $/door$149,5004 closed · 12 mo
Months of supply6.0Active ÷ (12-mo closed ÷ 12)
County sold gross10.0%Rent ÷ close · T12 sold tape
County asking gross15.4%Rent ÷ list · live asks
County sold NOI cap5.1%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions, with directional local / North Georgia context. DSCR and cash-on-cash use commercial terms (30% down / 7% / 25-yr amort) for 5+ units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete, those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 0%, yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

Questions about this property

How do I schedule a showing or ask a question about this property?

Use the inquiry form on this page and include what you want to know and the days and times that work for you. Jeff Crowe will follow up.

Where does the listing information come from?

Listing details come from FMLS and are provided by Keller Williams Realty West Atlanta. Confirm them before making an offer.

Is this property still available?

This page shows the status reported in FMLS (Active) as of the last sync. Status can change quickly, so ask through the form to confirm before you tour.

Are the cap rate and cash-on-cash figures on this page verified?

No. Modeled figures are an independent estimate for screening only. Confirm them with the seller rent roll, T-12 and your lender terms before relying on them.