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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
EXECUTIVE SUMMARY
Albany Spring represents a rare opportunity to acquire a high-performing LIHTC asset with long-term value security. This well-maintained 80-unit community was placed in service in 1994 under the LIHTC program and continues to demonstrate exceptional performance with consistent 100% occupancy.
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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