Est.
$320,000 Sold
2126 Martin Luther King Jr Dr, Albany, GA 31701, USA
Description
Excellent 8-Unit Multifamily Investment Opportunity! This investment package consists of two brick quad buildings totaling 8 units, with each unit offering a desirable 2-bedroom, 1-bathroom layout. The properties provide a total of 16 bedrooms and 8 bathrooms, creating an attractive opportunity for investors looking to acquire multiple rental units in a single transaction. Each unit features washer/dryer connections, individual window units for heating and cooling, and laminate flooring throughout. Several units have also received updates to kitchen cabinets and countertops, and both roofs have been replaced, helping reduce major near-term capital expenditures. The property currently generates immediate cash flow, with reported monthly income of approximately $3,425 and potential monthly income of approximately $4,400, offering additional upside through improved occupancy, rent optimization, and continued property improvements. With 8 rental units across two separate quad buildings, this package offers investors the opportunity to increase NOI, build equity, and scale their portfolio with one acquisition. Ideal for a buy-and-hold investor, value-add investor, or 1031 exchange. Properties included: 2126 MLK Jr. A, B, C & D and 315 Flintside A, B, C & D. Contact today for additional financial information, rent roll, property details, and showing availability.
Property Details
Price History
- Sold MLS# 165306 $320,000
- Price Increased MLS# 165306 $330,000 +$31,000
- Price Reduced MLS# 165306 $299,000 -$26,000
- Price Reduced MLS# 165306 $325,000 -$25,000
- Price Reduced MLS# 165306 $350,000 -$25,000
