Recently Listed New Construction 619 Elberta Street
Fort Valley, GA, 31030 $ 979,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 6,762
for $979,000. This home was built in 2026 on a lot size of 0.37.
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!
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 2026
Levels Two
Property Subtype Multi Family
Tax Year 2024
Gross Income 151200
Community Features None
County Peach
New Construction true
Property Type Residential Income
HOA false
Attached Garage true
MaintenanceExpense 0
Subdivision Name Fort Valley 113
Garage Y/N true
Status New
Directions 619 Elberta Street Fort Valley Ga 31030
High School Peach
City Fort Valley
Body of Water None
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 16117.2
Carport Y/N false
Elementary School Hunt
Tax Annual Amount 4500
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Fort Valley
Property Condition Under Construction
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorBasement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Attached
Water Source Public
Total Parking 9
Lot Size Area 16117.2
Lot Size Acres 0.37
Lot Size Source Public Records
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* Excluded FeaturesList ByKeller Williams West AtlantaBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,762
- Monthly Property Taxes
- $375
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Fort Valley, GA
Average List Price $487,927
Percent of Sale Price 50%
About Fort Valley, GA 9,555 Population
4% Since 2002
$ 28,370 Median Income
30.05 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Peach High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/8/2026 | $979,000 | | Listed Price |