1013 Cedar Ave - Apartments FOR SALE
Albany, GA 31701 |
706-231-7249
1013 Cedar Ave
Albany, GA 31701
HIGHLIGHTS
- Income-producing, rent-controlled 42-unit multifamily asset offers stable cash flow at 85.71% occupancy with revenue upside through lease-up.
- Nine-building, garden-style layout with wood-frame construction on concrete slab supports long-term ownership efficiency and repositioning potential.
- Balanced unit mix, including six one-bedroom, 20 two-bedroom, and 16 three-bedroom residences, broadens renter demand and supports diverse occupancy.
- In-unit washer and dryer hookups, standard kitchen appliances, a shaded central courtyard, and ample perimeter parking enhance resident appeal.
- Southwest Albany location near Albany Technical College, approximately five minutes to Downtown Albany and Southwest Georgia Regional Airport.
- Supportive market fundamentals, including a 62% renter population, reinforce sustained demand for attainable housing and long-term upside.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Receivership Sale - Subsidized MFR
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1971
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.07 AC
LAND SF
133,729 SF
ZONING
R1A
APN/PARCEL ID
00212-00001-08A
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706-231-7249
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706-231-7249
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