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2501 Redwood Ct
Albany, GA 31707

$1,775,000 USD

Apartments For Sale • 23,520 SF

Property Details

Property Type Apartments
Total Building Size 23,520 SF
Lot Size 4.39 AC
Building Class C
Year Built 1969
Cap Rate 8.11 %
Zoning C-R

50 Walk Score

                
                    Highlights
                
                                100% occupancy with long-term tenants, most on month-to-month leases.
                            
                                15 of 21 units fully renovated, with remaining units offering value-add potential.
                            
                                Existing washer/dryer hookups in all units, enabling quick revenue enhancements.
                            
                                Additional upside through amenity improvements and potential lot acquisition.
                            
                                HOA is financially stable and managed by the current owner with voting majority.

Property Flyers

Albany Condos_OM small

Cap Rate:

8.11 %

Public Transportation

Airport	Drive	Walk	Distance
Southwest Georgia Regional	16 min	-	7.7 mi

Beau Beery 352-871-8324 The Multifamily Advisors

2501 Redwood Ct Albany, GA 31707

$1,775,000 USD

Property Details

Highlights

Property Flyers

Public Transportation

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2501 Redwood Ct
Albany, GA 31707