Home Details for 614 Elberta Street

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. Flexible Purchase Options Full-Price Purchase: Acquire the property fully stabilized, 100% occupied with student tenants in place, and fully furnished—a true plug-and-play investment with immediate cash flow. Discounted Purchase Option: Purchase the property vacant and unfurnished for a $50,000 price reduction, allowing the buyer to reposition, refurnish, or implement an alternative leasing strategy. 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!

• Utilities

  • Electricity Available
  • Sewer Available

• Cooling Information

  • Central Air

• Heating Information

  • Space Heater

• Water Features

  • Public

• Parking

  • Detached