13 Bed 13 Bath Apartment On 5 Acres Room For Another Apartment Building | 2336 S. Madison Street Albany, Georgia 31701 PRICE: 300,000.00 | ARV: | - Bed: 13
- Bath: 13
- Sq Ft: 3,632
- Lot Size:
- Year Built: 1977
| - Construction: Concrete Block
- Taxes:
- HOA:
- Rehab:
| Description: This fantastic apartment investment opportunity is located a short drive just North of Tallahassee and a little more than 4 hour drive from Orlando in Albany GA. Radium Springs, largely considered one of Georgia's "natural wonders," to The Flint's aquatic ecosystem to the historic downtown shops and restaurants, railway history to the Chehaw Zoo's roaming wildlife, this region is bursting with education and exploration. Excellent cash flowing investment property with numerous recent updates. Zoning allows for construction of additional apartments also. City water and sewer avail. Management on site. Current NOI $62,500+ with 20% vacancy rate factored. HUD voucher amount is ~$849 monthly for a studio unit. Approx 50% of the 12 rentable units pay weekly at $250 wk and 50% pay monthly at ~$800. Electric averages $800-$1,000 month, water and trash is about $150 month, internet is $500 month. Roof new 2022, kitchenettes in each unit, new plumbing, lots of updates in units and new furniture, PTACs all serviced, monthly pest control is $60, community BBQ grill, laundry on site. Also as stated , Opportunity for increased proforma with addition of 2nd apartment building. | We offer competitive terms for Fix&Flip, Buy & Hold, STR, DSCR, Construction, Bridge, Commercial, Multi-Family. | Disclosures: - Harborview Group, Inc. dba Harborview Home Buyers, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment.
- Sold As-Is for Cash or Private Lender Only
- $5,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Harborview Homebuyers.
- Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer.
- Buyer pays all closing costs for both buyer and seller sides of the transaction.
- ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Harborview Homebuyers, actual figures may vary. Square footages are taken from public records.
- Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them.
- NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
| |
