For Sale
$5,500,000

1517 10Th AveAlbany, GA 31707

60-Unit Turnkey Rental Business, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of 60 single-family rental homes located at 1517 10th Ave, Albany, GA 31707. The property, encompassing 1.34 acres, boasts a total of 1,911 square feet and is classified as a Class B multifamily asset. Built in 1953, this one-story complex currently enjoys 100% occupancy, demonstrating a strong and consistent rental history. The asking price is $5,500,000, translating to $5,729.98 per square foot. The seller mandates a two-year leaseback agreement and highlights a remarkable 78% tenant renewal rate, indicating high tenant satisfaction and low turnover. The property is exceptionally well-maintained, and the current owner utilizes an online tenant payment system, readily available for the new owner. This turnkey business offers a rare opportunity to acquire a substantial, established rental portfolio with a proven track record of success. The property's APN is 000MM/00015/002 and is situated in Dougherty County. This is a truly exceptional investment opportunity for a discerning buyer seeking immediate cash flow and long-term growth potential. The property's strong performance metrics, coupled with its turnkey nature, make it an ideal addition to any investment portfolio.

Highlights

  • Portfolio of 60 single-family rental homes on 1.34 acres in Albany, GA.
  • Class B multifamily asset totaling 1,911 sq ft, built in 1953.
  • 100% occupancy with a 78% tenant renewal rate.
  • Asking price: $5,500,000 ($5,730/sq ft).
  • Seller requires a two-year leaseback.
  • Turnkey operation with online tenant payment system.

Property Details for 1517 10Th Ave

Property type
Residential income homes
Square Feet
1,911 SF
Class
B
Year Built
1953
Stories
1
Lot Size (sq. ft)
58,370 SF
Units
60

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.5988031
Longitude
-84.1888216
1517 10Th Ave, Albany, Georgia

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1517 10Th Ave
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