132-Unit Apartment
510 Old Albany Road, Thomasville, GA 31792
For Sale
New
Contact for pricing
HUD assistance supports operations through a Housing Assistance Payments contract.
Property SizeContact for details
Days on Market6
Property Features for 510 Old Albany Road
General Information
Standard status
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Listing Agency:
Matthews
Listed By:
Robert Anderson · License GA #01738687
Source:
Crexi
Added: Nov 6
Changed: Nov 11
Last Checked: Nov 10 at 2:22PM
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 Matthews
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Investment Insights
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The offering is a non-performing first-lien loan secured by Villa North Apartments, a 132-unit affordable housing community in Thomasville, Georgia. A receiver was appointed for the property, and the loan is in monetary default. The community operates under a HUD Housing Assistance Payments contract and is reported to be entirely HUD-assisted.
A rent-roll summary dated October 25, 2026, showed 74 occupied units, or 56.1% occupancy. The property address is 510 Old Albany Road. The loan is being offered for sale.
A rent-roll summary dated October 25, 2026, showed 74 occupied units, or 56.1% occupancy. The property address is 510 Old Albany Road. The loan is being offered for sale.
Key Highlights
- First‑lien loan secured by a 132‑unit apartment community
- Rent roll dated October 25, 2026 showed 74 occupied units and 56.1% occupancy
- Property reported as 100% HUD‑assisted, with a Housing Assistance Payments contract
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Lease Details
132
Residential units
56.1%
Occupancy
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
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Business Placement
Demographics for 31792, GA
24,374
Population
10,875
Households
2.2
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
211.4 sq mi
ZIP Area
115
Density / Sq Mi
$49,045
Median Household Income
$36,756
Median Earnings
$1,014
Median Rent
$190,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - HUD assistance supports operations through a Housing Assistance Payments contract.
Where is this apartment building located?
The property is located at 510 Old Albany Road Thomasville, GA.
What are key features of this property?
This property features: First‑lien loan secured by a 132‑unit apartment community; Rent roll dated October 25, 2026 showed 74 occupied units and 56.1% occupancy; Property reported as 100% HUD‑assisted, with a Housing Assistance Payments contract
