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2106 Martin Luther King Junior Dr 6 Unit Apartment Building $426,068 CAD ($71,011 CAD/Unit) Albany, GA 31701
Investment Highlights
- Six-unit property with five units occupied, generating immediate rental revenue.
- Located in a walkable area with nearby retail, dining, and essential services.
- 0.72-acre corner lot providing accessibility and on-site parking.
- Recent improvements include new roof and updated heating/cooling systems for each unit.
- Positioned within an Opportunity Zone offering potential investment tax incentives.
- Proximity to Albany’s business corridor and major transportation routes supporting tenant demand.
Executive Summary
This six-unit multifamily asset in Albany, GA presents a solid income-producing investment within a strong rental community. Priced at $299,900, the property offers immediate cash flow with five units currently leased and one available for lease-up, creating potential for additional income. Recent upgrades include a new roof and modern mini-split HVAC systems in each unit, improving tenant comfort and reducing future maintenance costs.
Situated on a 0.72-acre corner lot, the building delivers ease of access and ample parking. Its inclusion in a federally designated Opportunity Zone provides potential tax advantages for investors focused on long-term wealth accumulation. Albany’s location in southwest Georgia benefits from a stable employment base, educational institutions, and major transportation routes, including proximity to U.S. Route 82 and State Routes 3 and 91, connecting the market to regional economic centers.
With operational efficiencies, long-term market demand for affordable housing, and room for value enhancement, this property represents an attractive option for both seasoned and first-time investors seeking reliable cash flow and favorable tax benefits.
Situated on a 0.72-acre corner lot, the building delivers ease of access and ample parking. Its inclusion in a federally designated Opportunity Zone provides potential tax advantages for investors focused on long-term wealth accumulation. Albany’s location in southwest Georgia benefits from a stable employment base, educational institutions, and major transportation routes, including proximity to U.S. Route 82 and State Routes 3 and 91, connecting the market to regional economic centers.
With operational efficiencies, long-term market demand for affordable housing, and room for value enhancement, this property represents an attractive option for both seasoned and first-time investors seeking reliable cash flow and favorable tax benefits.
Property Facts
| Price | $426,068 CAD | Building Class | B |
| Price Per Unit | $71,011 CAD | Building Size | 4,592 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 6 | Year Built | 1963 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $426,068 CAD |
| Price Per Unit | $71,011 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 4,592 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
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Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 000BB-00020-028 | Improvements Assessment | $22,250 CAD |
| Land Assessment | $10,614 CAD | Total Assessment | $32,864 CAD |
Property Taxes
Parcel Number
000BB-00020-028
Land Assessment
$10,614 CAD
Improvements Assessment
$22,250 CAD
Total Assessment
$32,864 CAD
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2106 Martin Luther King Junior Dr
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