21-unit multi-family property located at 100 S Jefferson St, Albany, GA. This asset represents a stabilized investment. It features an assumable loan with a 5% interest rate, a balance of $988,000 amortized over 25 years, now entering year three. The pricing has recently been adjusted to $1.7 million. The property is generating around $14,000 in gross monthly income, with potential to increase rents to market rates. Additionally, there is a significant opportunity to convert it into student housing, given its proximity to Albany State University, just three minutes away (please refer to the sales brochure for the location map). Showings will be done during contract Due Diligence process. We believe this asset presents considerable value and would be happy to provide any further information you may need to facilitate your decision-making process. Should you have any questions or require additional details, please do not hesitate to contact me. Thank you for considering this property. I look forward to your response. Best regards, Ramesh 678-313-3034

Listing courtesy of Virtual Properties Realty.com



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Data last updated at: 2024-10-30 12:00 AM UTC