Pine Ridge Apartments is a 232 unit multifamily apartment complex that has seen significant capital improvements to both the interior and exterior components of the property, with room to further increase rents on renewals and as leases turn over. Interior cosmetic upgrades include new LVP flooring, new cabinets & countertops, black appliances, new fixtures, new electrical and plumbing, and painting.
Albany, GA is a dynamic and growing market with a favorable business climate and strong economic fundamentals. The city’s strategic location and access to major highways make it an ideal hub for business and industry. With continued investment and job growth, Albany offers significant opportunities for real estate investment and development.
Boasting 95% occupancy and large floor plans, Pine Ridge Apartments is a compelling investment opportunity with an opportunity to assume the existing loan. The recent capital improvements, combined with strong rental growth potential and strategic location near key employment centers, position this property for continued success.