509 N. Apartments is a 252-unit multifamily community in Albany, Georgia, built in 1987 and recently renovated with modern kitchens and bathrooms, new flooring, updated appliances, and refreshed common areas.
Rents are currently below market, offering upside through operational improvements and rent growth. The property is stabilized and cash-flowing, providing predictable income today.
The surrounding area is strong, with an average household income of $104,000 within 1 mile and a median income of $65,000 within 2 miles, supporting long-term rental demand.
With assumable debt in place, 509 N. Apartments is an opportunity for investors seeking to acquire a stabilized, cash-flowing asset with upside potential in a strong demographic location.
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