100 Jefferson StAlbany, GA 31701

Property Details for 100 Jefferson St

Year built

1970

Lot size

0.37 AC

Property size (Sq ft)

15,819 SF

Property type

Other commercial real estate

Description

This exceptional 21-unit multifamily property, situated at 100 S Jefferson Street in Albany, Georgia, presents a compelling investment opportunity. Spanning 15,819 square feet on a 0.37-acre lot, this stabilized asset boasts a strong current performance and significant upside potential. Currently generating approximately $14,000 in gross monthly income, the property offers the chance to increase revenue by raising rents to market levels. An attractive feature is the assumable loan with a favorable 5% interest rate and a remaining balance of $988,000, amortized over 25 years (currently in year three). The asking price is $1,700,000. The property's location offers a strategic advantage, being only three minutes from Albany State University, presenting a clear path for conversion into lucrative student housing. Showings are scheduled during the contract due diligence period. Detailed location information is available in the sales brochure. This property represents a rare blend of immediate income generation and long-term growth potential, making it an ideal addition to any investment portfolio. The financial information provided is based on current performance and projections

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.5765

Longitude

-84.1557

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