818-445-3529
333 S Mock Rd, Albany, GA for Sale
Apartments - FOR SALE
1/38
null | 7.8% Cap Rate

333 S Mock Rd
Albany, GA 31705


HIGHLIGHTS

  • $3mm+ in Capital Expenditures Recently Invested in the Property
  • 95% Occupied with Strong In-Place Operations
  • Large Floor Plans with Room to Further Increase Rents on Renewals
  • Attractive Assumable Loan
  • 90% of Units Fully Renovated

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

232

CAP RATE

7.8%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

475

LAND DETAILS

LAND ACRES

18.05 AC

LAND SF

786,258 SF

ZONING

R6

APN/PARCEL ID

00155-00001-08A,00155-00001-08B

ASK ABOUT THIS PROPERTY

Milan RubensteinWindy City REMore Info
818-445-3529

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Milan RubensteinWindy City REMore Info
818-445-3529

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