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    1517 10Th Ave Albany, GA 31707

    For Sale
    $5,500,000

    60-Unit Turnkey Rental Business, High Occupancy

    Property size:
    1,911 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 1517 10Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,911 SF
    Class
    B
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1953
    Stories
    1
    Units
    60

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1888216
    Latitude
    31.5988031

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    FAQs

    What type of property is this?
    Multifamily property - 60-Unit Turnkey Rental Business, High Occupancy
    Where is this multifamily property located?
    The property is located at 1517 10Th Ave Albany, GA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: 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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1517 10Th Ave Albany, GA 31707
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