100 S Jefferson St - Apartments FOR SALE


Albany, GA 31701
$1,650,000 USD
678-313-3034
100 S Jefferson St, Albany, GA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/12
null | 7.82% Cap Rate

100 S Jefferson St
Albany, GA 31701


HIGHLIGHTS

  • 100 S Jefferson St is a 21-unit multi-family investment asset in a consumer-driven corridor three minutes from Albany State University.
  • 100% Occupied units with Studio, twelve 1-bedroom and six 2-bedroom units.
  • Albany has a diversified economy including companies like Proctor & Gamble, Miller Coors and Mars Chocolate of North America.
  • Surrounded by national retailers and servicers, including Hilton Garden Inn, Days Inn by Wyndham, KFC, Truist, and more.
  • ASSUMABLE LOAN AT 5% Interest amortized over 25 years, fixed rate of interest of 5%. 22 more years remaining. Balance of $988k.

OVERVIEW

100 S Jefferson St Apartments is a 21-unit multi-family investment asset in a consumer-driven corridor three minutes away from Albany State University. Sustained high tenancy allows new investors to capitalize on their investment via rental rate increases. Jefferson Apartments is 2 blocks north of US Hwy 82 BUS, near multiple bus line outlets, public parks and the Albany Civic Center. On-site amenities at the interior-corridor multi-family asset include a laundry room, off-street parking options, and an expansive courtyard. Surrounded by national retailers and servicers, including Hilton Garden Inn, Days Inn by Wyndham, KFC, Truist, the USPS and more.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

21

PRICE/UNIT

$78,571

CAP RATE

7.82%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21 Unit Multifamily | Near Albany State Univ.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C2

APN/PARCEL ID

0S301-00006-001,0S301-00006-01A

ASK ABOUT THIS PROPERTY

Ramesh RamchandranVirtual Properties RealtyMore Info
678-313-3034

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Ramesh RamchandranVirtual Properties RealtyMore Info
678-313-3034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.