331-307-7194
1601 Radium Springs Rd, Albany, GA for Sale
Apartments - FOR SALE
1/39
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1601 Radium Springs Rd
Albany, GA 31705


HIGHLIGHTS

  • 100% Senior LIHTCT
  • Located in the largest city in Southwest Georgia
  • 100% occupied on a monthly basis
  • Consistent 100 percent occupancy demonstrating strong demand

OVERVIEW

We are pleased to present Albany Spring, a senior housing investment opportunity in Albany, GA. This well-maintained 80unit community was placed in service in 1994 under the LIHTC program and continues to demonstrate exceptional performance with consistent 100% occupancy. The property benefits from long-term affordability protections, with LIHTC restrictions in place through 2046, ensuring ongoing demand and income stability. Albany Spring features single-story walk-up buildings with a mix of 1- and 2-bedroom units designed for comfortable senior living. The community offers a stable resident base and efficient operations that support predictable, durable performance. With its strong historical occupancy, dependable income stream, and the sustained need for quality affordable senior housing in the Albany market, Albany Spring represents a rare opportunity to acquire a high-performing LIHTC asset with long-term value security.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

81

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albany Spring Seniors Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.43 AC

LAND SF

628,701 SF

ZONING

C1

APN/PARCEL ID

00227-00000-35A

ASK ABOUT THIS PROPERTY

Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

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Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

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