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$980,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$654 |
2026 |
|
On the market:
10 days
|
View full details, photos, school info, and price history
New Year. New Investment. Brand-New 6-Unit Multifamily Opportunity.
Welcome to 614 Elberta Street, a turnkey new construction 6-unit multifamily asset built for today’s high-demand rental market. This modern property features six spacious units, each offering 3 bedrooms and 3 bathrooms, for a total of 18 bedrooms and 18 bathrooms—an ideal unit mix for strong rental performance and long-term stability.
Each unit is finished with high-end, contemporary features, including granite countertops, luxury vinyl plank flooring, stainless steel appliances, and energy-efficient systems designed to reduce operating costs while maximizing tenant satisfaction.
Financial Highlights (Student Housing Model)
Estimated Monthly Gross Income: $12,600
Estimated Annual Gross Income: $151,200
100% occupancy with 12-month leases in place
Professional management available with strong tenant retention
Prime Location
Situated in a strong rental corridor with quick access to schools, shopping, and public transportation, this area benefits from consistent demand, solid tenant demographics, and long-term appreciation—making it ideal for stable multifamily performance.
Investor Advantages
Brand-new construction — no rehab, no deferred maintenance
Immediate income potential
High-demand unit configuration
Minimal hands-on management
Financing & Terms
DSCR or Conventional financing only
Buyer must be pre-approved
Why This Asset Stands Out
Whether you’re seeking a fully stabilized, cash-flowing student housing investment or a discounted opportunity to customize your leasing strategy, 614 Elberta Street offers flexibility, strong returns, and long-term value.
Serious investors only.
Contact us today for full details or to schedule a private showing today!
Listing courtesy of Elle McGhee, HomeSmart