Presenting value with this cash-flowing investment property in Albany, GA. This opportunity is perfect for savvy investors looking to maximize returns in a growing market. Its central location in Southwest Georgia makes Albany a key hub for trade and travel, boosting its business potential. With a lower cost of living than many other cities, Albany is an attractive option for real estate investors and businesses.
This property not only offers strong cash flow but also presents a significant value-add opportunity. The property has 12 furnished studio units and operates as a licensed extended-stay motel. With a front office that can be converted to a 13-unit quite easily. The current zoning allows for the construction of additional apartment units, which can further increase returns. City water and sewer services are already in place, and on-site management presents a smooth transition for the future owner.
Recent updates include a new roof (2022), kitchenettes in each unit, upgraded plumbing, and new furniture. All PTAC units have been serviced, and monthly pest control is maintained at $60. Additional amenities such as a community BBQ grill and on-site laundry further increase tenant appeal.
The real value lies in the potential to increase pro forma, by developing a second apartment building, creating a substantial upside for investors looking to maximize returns. Contact your EquityPro Advisor today to secure this investment.