Renovated 252-Unit Apartment
509 N Westover Blvd Albany, GA 31707
For Sale
$19,900,000
Built in 1987 and recently renovated, this 252-unit multifamily property is stabilized and cash-flowing.
Days on Market112
Property Features for 509 N Westover Blvd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Atlanta Office
(678) 808-2808
Listed By:
Harold Shepard · License #GA: 445263
(678) 808-2808
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Office
Investment Insights
Based on property information with market context.
Built in 1987, 509 N. Apartments is a 252-unit multifamily community that has been recently renovated. Updates include modern kitchens and bathrooms, new flooring, updated appliances, and refreshed common areas.
The property is described as stabilized and cash-flowing, with rents currently below market. The offering notes opportunity for operational improvements and rent growth while maintaining current performance.
The surrounding area is supported by reported household income levels, including an average household income of $104,000 within 1 mile and a median income of $65,000 within 2 miles, which the remarks cite as helpful for long-term rental demand. The listing also highlights that assumable debt is in place.
The property is described as stabilized and cash-flowing, with rents currently below market. The offering notes opportunity for operational improvements and rent growth while maintaining current performance.
The surrounding area is supported by reported household income levels, including an average household income of $104,000 within 1 mile and a median income of $65,000 within 2 miles, which the remarks cite as helpful for long-term rental demand. The listing also highlights that assumable debt is in place.
Key Highlights
- 252‑unit multifamily community in Albany, Georgia, built in 1987
- Recently renovated with modern kitchens and bathrooms, new flooring, updated appliances, and refreshed common areas
- Stabilized, cash‑flowing income as stated in the remarks
Property Analytics
Location Intelligence
Current Use by Public Records
Tzadik at Vista Pointe
Apartment Complex
509 North Apartments
Apartment Complex
FAQs
What type of property is this?
Apartment building - Built in 1987 and recently renovated, this 252-unit multifamily property is stabilized and cash-flowing.
Where is this apartment building located?
The property is located at 509 N Westover Blvd Albany, GA.
What is the asking price?
The asking price for this property is $19,900,000.
What are key features of this property?
This property features: 252‑unit multifamily community in Albany, Georgia, built in 1987; Recently renovated with modern kitchens and bathrooms, new flooring, updated appliances, and refreshed common areas; Stabilized, cash‑flowing income as stated in the remarks
