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Listed by Ramesh Ramchandran • Virtual Properties Realty.com
$1,700,000
Est. payment /mo
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Jefferson Apartments
MLS Listing ID 10412186
Construction Status Updated/Remodeled
Year Built 1970
Annual Tax Amount $10,063
Tax Year 2024
Lot Size 0.370 Acres
Property Description
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
Location
State GA
County Dougherty
Zoning C2
Interior
Heating Electric
Cooling Electric, Window Unit(s)
Exterior
Parking Features Community Structure, Parking Lot
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Sewer Public Sewer
Construction Status Updated/Remodeled
Others
Acceptable Financing Assumable, Cash, Conventional, Owner 1st
Listing Terms Assumable, Cash, Conventional, Owner 1st
Special Listing Condition Agent/Seller Relationship, As Is, No Disclosure
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