$225K INSTANT EQUITY/11.9% CAP Rate Apartment Complex in Albany, GA For Sale

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!

PROPERTY DETAILS.

  • 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!

Address:
701 9th Ave.
Albany, GA 31701
Terms:
For Sale
Property Type:
Apartment

Call 678-846-6270 for more details

Property Location