GA > Albany > Jefferson Apartments
Albany, GA 31701,100 S Jefferson ST
Albany, GA 31701,100 S Jefferson ST
Albany, GA 31701,100 S Jefferson ST
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Renee Stutts

Renee Stutts

+1(404) 695-8087
Listed by Ramesh Ramchandran • Virtual Properties Realty.com
$1,700,000
Est. payment /mo
0.37 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Jefferson Apartments

MLS Listing ID 10412186

Construction Status Updated/Remodeled

Year Built 1970

Annual Tax Amount $10,063

Tax Year 2024

Lot Size 0.370 Acres

Property Description

21-unit multi-family property located at 100 S Jefferson St, Albany, GA. This asset represents a stabilized investment. It features an assumable loan with a 5% interest rate, a balance of $988,000 amortized over 25 years, now entering year three. The pricing has recently been adjusted to $1.7 million. The property is generating around $14,000 in gross monthly income, with potential to increase rents to market rates. Additionally, there is a significant opportunity to convert it into student housing, given its proximity to Albany State University, just three minutes away (please refer to the sales brochure for the location map). Showings will be done during contract Due Diligence process. We believe this asset presents considerable value and would be happy to provide any further information you may need to facilitate your decision-making process. Should you have any questions or require additional details, please do not hesitate to contact me. Thank you for considering this property. I look forward to your response. Best regards, Ramesh 678-313-3034

Location

State GA

County Dougherty

Zoning C2

Interior

Heating Electric

Cooling Electric, Window Unit(s)

Exterior

Parking Features Community Structure, Parking Lot

Utilities Available Electricity Available, Natural Gas Available, Water Available

Building

Sewer Public Sewer

Construction Status Updated/Remodeled

Others

Acceptable Financing Assumable, Cash, Conventional, Owner 1st

Listing Terms Assumable, Cash, Conventional, Owner 1st

Special Listing Condition Agent/Seller Relationship, As Is, No Disclosure

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Renee Stutts

+1(404) 695-8087

REALTOR®/Sales Advisor | License ID: 408104

REALTOR®/Sales Advisor License ID: 408104

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