Multifamily
509 North Apartments
509 N Westover Blvd, Albany, GA 31707
Listing Price: Request For Offer
Investment Overview
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.
509 North Apartments
Investment Highlights
- Recent Full High-End Renovations and Upgrades to Unit Amenities, Exteriors and Common Areas
- Economic Growth: Strong Economic Driver Growth Through Agribusiness
- Strong Local Demographics: $104,000 Avg. HH Income within a 1-Mile Radius
- Assumable Debt: Attractive Financing Options Available, Enhancing Cash-on- Cash Returns
- Below Market Rents Avg. $227 Per Unit/Mo Below Market Rent
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Recent Full High-End Renovations and Upgrades to Unit Amenities, Exteriors and Common Areas
- Economic Growth: Strong Economic Driver Growth Through Agribusiness
- Strong Local Demographics: $104,000 Avg. HH Income within a 1-Mile Radius
- Assumable Debt: Attractive Financing Options Available, Enhancing Cash-on- Cash Returns
- Below Market Rents Avg. $227 Per Unit/Mo Below Market Rent
Investment Overview
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.
Exclusively Listed By
Financing By
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