Check out this 13 unit apartment complex in Albany, Georgia! Just minutes from the University of Georgia College of Pharmacy ( Southwest Campus), Albany State University,and Phoebe Putney Memorial Hospital, this property presents a great value add for any investor’s portfolio!
- 13 Total Units, 10 Occupied with 3 Vacant Units
- All 13 units are 1 Bedroom/1 Bathrooms
- Each unit is approximately 450 sq. ft.
- Average Unit Monthly Rent: $439/ door
ADD INSTANT VALUE.
- Increase the rent with $0 in rehab to current market rent value at $550/month.
- The increase in rent adjusts to a 11.6% Cap Rate
- This also adds $225K of INSTANT EQUITY into the property.
CALL 404-924-4536 TO SCHEDULE A PROPERTY SHOWING!