1127 Eager Dr - Apartments FOR SALE


Albany, GA 31707
$879,000 USD
954-266-8815
1127 Eager Dr, Albany, GA for Sale
$879,000 USD
Apartments - FOR SALE
1/7
null | 8% Cap Rate

1127 Eager Dr
Albany, GA 31707


HIGHLIGHTS

  • Value-Add Opportunity - Significant Rental Upside
  • Proximity for Ease of Management
  • Motivated Seller - Long Term Ownership
  • Prime Centralized Location in Albany, GA

OVERVIEW

CG1 Investments is proud to present the Albany 13 Portfolio located in the heart of Albany, Georgia (28BEDS/13BATHS – combined total of 11,179SF on 1.94 Acres of Land). This unique portfolio offering consists of one triplex, four duplexes and two single family units. The properties have streamlined management and operational efficiencies. Many tenants have been living at the properties for many years. Current monthly rents are below comparable averages indicating substantial upside potential for a value-add opportunity. The new owner will have the opportunity to aggressively capture the remaining rental upside, as the Albany 13 remain an attractive housing option for a wide variety of qualified tenants in the South Georgia submarket. 100% OCCUPIED - PLEASE DO NOT DISTURB TENANTS. PROPERTY SHOWINGS WILL BE ONCE OFFER IS ACCEPTED. SEND OFFERS WITH POF TO CG1RENT@AOL.COM .

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

13

PRICE/UNIT

$67,615

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albany 13 Unit Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R6

APN/PARCEL ID

000GG-00028-06A

ASK ABOUT THIS PROPERTY

Wilson LeonInvestments LLCMore Info
954-266-8815

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

Wilson LeonInvestments LLCMore Info
954-266-8815

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