1008 5th Avenue, Albany, GA 31701

$740,000
: 15
BD
: 13
BA
: 9,805
SqFt

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List Price: $740,000
Status: ACTIVE
MLS#: 170086
Bedrooms: 15
Bathrooms: 13
Full Baths: 13
Living Area: 9,805
Style: Traditional
Year Built: 1970

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Property Description

Unique income producing package of 12 units, 10 One bedroom - one baths in Historic Rawson Circle and a Duplex in NW Albany(3/2 on one side and a 2/1 one side). Both properties are one story brick and were both built by Lamar Reese in 1970 and 1984 respectively. New 30 year architectural roofs on 1008 5th in 2025. Current gross annual income for all 12 units is $98,034.00. 100% occupied. Rents have been increased steadily but still room for growth due to long term below market residents and past conservative market rates. All recently turned units have been renovated with vinyl plank flooring, updated countertops, light fixtures and stainless appliances. 16 parking spaces at 1008 5th and 4 wide at 2315 Jim Stokes Ct(parking pad could be deep enough to have additional spaces behind the first car). Both properties must be purchased as one sale. Two of the Sellers hold R.E. lic's 119226 and 147116.

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Additional Information

Area: Northeast Albany
Subdivision: Rawson Circle
Taxes: $2,714
Stories: 1
Garage Spaces: 20
Water: Albany Utilities
Sewer: Albany Utilities