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2220 Friar Tuck Lane

Albany, GA 31707
  • $5,800,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 158149
$5,800,000
  • 0
    BEDS
  • 6.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 67,785
    SQFT
  • $86
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Description

Rare mid-sized, garden style multi-family property opportunity in Southwest Georgia. Twenty-seven units were constructed in 1994, 16 units were added in 2006, and another 16 units were added in 2008. The property includes approx. 1.1 acres of undeveloped land that was pre-engineered for 16 additional units. The average unit size is 1,149 s.f. and the total GLA is approx. 67,875 s.f. All units are 2-bedroom with mix of 1.5 baths, 2 baths, and 2.5 baths with both flats and townhouse plans. The complex consistently maintains 100% occupancy with a waiting list. This property includes nine contiguous tax parcels operated as a single apartment complex. Excellent 1031-exchange opportunity.

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© 2023 Albany Board of Realtors & Southwest GA MLS, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hometown Realty of Southwest GA. Data last updated: 2023-10-02T23:36:50.537.
www.searchsouthgahomes.com/homes/142646563
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2220 Friar Tuck Lane Albany, GA 31707

  • Price: $5,800,000
  • Status: Active
  • On Site: 42 Days
  • MLS #: 158149
0
Beds
0
Baths
0
½ Baths
6.68
Acres
67,785
SQFT
$86
$/SQFT
1994
Built
Neighborhood:
Northwest Albany
County:
Dougherty
Area:
Northwest Albany
Property Description
Rare mid-sized, garden style multi-family property opportunity in Southwest Georgia. Twenty-seven units were constructed in 1994, 16 units were added in 2006, and another 16 units were added in 2008. The property includes approx. 1.1 acres of undeveloped land that was pre-engineered for 16 additional units. The average unit size is 1,149 s.f. and the total GLA is approx. 67,875 s.f. All units are 2-bedroom with mix of 1.5 baths, 2 baths, and 2.5 baths with both flats and townhouse plans. The complex consistently maintains 100% occupancy with a waiting list. This property includes nine contiguous tax parcels operated as a single apartment complex. Excellent 1031-exchange opportunity.
Exterior Features

Construction Frame Site Description Corner LocationLandscapedSite PlanSurvey

Interior Features

Heat Cool A/C: HvacHeat: Hvac

Property Features

Annual Taxes 66104.00 Com Features See Reamrks Electric Albany Utilities Energy Ceiling Fans Facilities Other Farm Features Other Immediate Occupancy No Listing Class Apartment Lot Block N/A Number Units 59 Offering Type Sale Only Owner Type Corporate Pricing Type Sale Price Property Type Apartments/Multi-Family Seller Terms Conventional Sewer Albany Utilities Subject To Lease Yes Tax Year 2022 Transportation City RoadPaved Utilities Electricity ConnectedSewer ConnectedWater Connected Water Albany Utilities Zoning Residential/Multi-Family

Listing information © 2023 Albany Board of Realtors & Southwest GA MLS, Inc.
Listing provided courtesy of Mike Everett of Southcore Real Estate Llc: 2294052483.



© 2023 Albany Board of Realtors & Southwest GA MLS, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hometown Realty of Southwest GA. Data last updated: 2023-10-02T23:36:50.537.
 
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Hometown Realty of Southwest GA
2301 Tarva Road
Albany GA, 31721