For Sale
$351,900

522 Flint AveAlbany, GA 31701

8 Furnished Units, High Rental Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment opportunity presents a meticulously maintained, eight-unit apartment building situated in the heart of downtown Albany, Georgia. The property, comprised of two separate buildings on a one-acre lot, boasts a total of 5,300 square feet of net rentable space, with each unit featuring one bedroom and one bathroom, a fully equipped kitchen, and a comfortable living area. All units are currently furnished. Recently renovated in 2023, the front building showcases modern updates, while the entire property benefits from newly installed roofs. Conveniently located near the hospital and church district, this historic multiplex offers ample parking and convenient alley access. Built in 1974, this Class B property presents a compelling investment opportunity with a current asking price of $351,900 ($43,987.50 per unit and $66.40 per square foot). The property's strong rental history and potential for a $4,500 monthly rental income make it an attractive addition to any portfolio. The property is offered as an owner/user investment. This is a rare chance to acquire a well-maintained, high-yield multifamily property in a desirable location.

Highlights

  • Eight furnished 1-bedroom/1-bathroom apartments in downtown Albany, GA.
  • 5,300 square feet on a one-acre lot, two buildings.
  • Recently renovated, new roofs, ample parking and alley access.
  • $351,900 asking price ($43,987.50 per unit, $66.40/SF).
  • $4,500 monthly rental potential.

Property Details for 522 Flint Ave

Property type
Apartment buildings
Square Feet
5,300 SF
Class
B
Year Built/Renovated
1974/2023
Buildings
2
Lot Size (sq. ft)
43,560 SF
Units
8

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.579202952964
Longitude
-84.161053237927
522 Flint Ave, Albany, Georgia

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522 Flint Ave
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