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.