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Albany Spring Seniors Apartments 1601 Radium Springs Rd 81 Unit Apartment Building For Sale Albany, GA 31705
INVESTMENT HIGHLIGHTS
- 100% Senior LIHTCT
- 100% occupied on a monthly basis
- Located in the largest city in Southwest Georgia
- Consistent 100 percent occupancy demonstrating strong demand
EXECUTIVE SUMMARY
We are pleased to present Albany Spring, a senior housing investment opportunity in Albany, GA. This well-maintained 80unit community was placed in service in 1994 under the LIHTC program and continues to demonstrate exceptional performance with consistent 100% occupancy. The property benefits from long-term affordability protections, with LIHTC restrictions in place through 2046, ensuring ongoing demand and income stability. Albany Spring features single-story walk-up buildings with a mix of 1- and 2-bedroom units designed for comfortable senior living. The community offers a stable resident base and efficient operations that support predictable, durable performance. With its strong historical occupancy, dependable income stream, and the sustained need for quality affordable senior housing in the Albany market, Albany Spring represents a rare opportunity to acquire a high-performing LIHTC asset with long-term value security.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 14.43 AC |
| No. Units | 81 | Building Size | 75,000 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1993 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C1 | ||
| Sale Type | Investment |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 14.43 AC |
| Building Size | 75,000 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1993 |
| Opportunity Zone |
Yes |
| Zoning | C1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Kitchen
SITE AMENITIES
- Business Center
- Clubhouse
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 70 | $703.00 | 660 |
| 2+1 | 11 | $812.50 | 840 |
1 1
PROPERTY TAXES
| Parcel Number | 00227-00000-35A | Improvements Assessment | $411,940 (2024) |
| Land Assessment | $172,640 (2024) | Total Assessment | $584,580 (2024) |
PROPERTY TAXES
Parcel Number
00227-00000-35A
Land Assessment
$172,640 (2024)
Improvements Assessment
$411,940 (2024)
Total Assessment
$584,580 (2024)
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Albany Spring Seniors Apartments | 1601 Radium Springs Rd
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