2106 Martin Luther King Junior Dr - Apartments FOR SALE


Albany, GA 31701
$299,900 USD
229-733-0982

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$299,900 USD
Apartments - FOR SALE
null | Request Cap Rate

2106 Martin Luther King Junior Dr
Albany, GA 31701


HIGHLIGHTS

  • Six-unit property with five units occupied, generating immediate rental revenue.
  • Recent improvements include new roof and updated heating/cooling systems for each unit.
  • Located in a walkable area with nearby retail, dining, and essential services.
  • Positioned within an Opportunity Zone offering potential investment tax incentives.
  • 0.72-acre corner lot providing accessibility and on-site parking.
  • Proximity to Albany’s business corridor and major transportation routes supporting tenant demand.

OVERVIEW

This six-unit multifamily asset in Albany, GA presents a solid income-producing investment within a strong rental community. Priced at $299,900, the property offers immediate cash flow with five units currently leased and one available for lease-up, creating potential for additional income. Recent upgrades include a new roof and modern mini-split HVAC systems in each unit, improving tenant comfort and reducing future maintenance costs. Situated on a 0.72-acre corner lot, the building delivers ease of access and ample parking. Its inclusion in a federally designated Opportunity Zone provides potential tax advantages for investors focused on long-term wealth accumulation. Albany’s location in southwest Georgia benefits from a stable employment base, educational institutions, and major transportation routes, including proximity to U.S. Route 82 and State Routes 3 and 91, connecting the market to regional economic centers. With operational efficiencies, long-term market demand for affordable housing, and room for value enhancement, this property represents an attractive option for both seasoned and first-time investors seeking reliable cash flow and favorable tax benefits.

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$65 USD /SF

# OF UNITS

6

PRICE/UNIT

$49,983

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

000BB-00020-028

ASK ABOUT THIS PROPERTY

Lori GadsonColdwell Banker/Walden & Kirkland, Inc.More Info
229-733-0982

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Lori GadsonColdwell Banker/Walden & Kirkland, Inc.More Info
229-733-0982

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