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316 Williams Street, Tallahassee, FL 32303
850-727-0066[email protected]
416 Tift Avenue, Albany, GA 31701
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416 Tift Avenue, Albany, GA 31701
416 Tift Avenue, Albany, GA 31701
416 Tift Avenue, Albany, GA 31701
416 Tift Avenue, Albany, GA 31701
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Debbie Kirkland

Debbie Kirkland

+1(850) 212-0440
$ 795,000
Est. payment /mo
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416 Tift Avenue Albany, GA 31701

8,790 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartments/Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,790 sqft

Price per Sqft $90

MLS Listing ID 169845

HOA Y/N No

Year Built 1947

Annual Tax Amount $7,733

Tax Year 2025

Lot Size 1.040 Acres

Property Sub-Type Apartments/Multi-Family

Property Description

9-Unit Apartment Complex — Historic North Albany Solid concrete construction, three stories over a basement, sitting in the heart of North Albany's historic district — less than a mile from Phoebe Putney Memorial Hospital. This is a true income producer that's already performing and still has room to run. Currently 100% occupied with long-term tenants and generating $5,965 per month in gross rents. Several units sit well below market, so there's immediate upside on turnover or renewal without touching a wall. Every unit features original hardwood floors and appliances less than three years old, and the shared pergola gives residents outdoor space that's hard to find at this price point in the neighborhood. The sale includes the adjacent lot at 422 Tift Ave, giving you room to add units and expand the rent roll on land you already own. The previous owner ran rooms as short-term housing for travel nurses — with Phoebe just up the road, that playbook is still on the table for an owner who wants to push revenue harder than a standard 12-month lease will. Concrete building, hospital-adjacent location, stabilized tenancy, below-market rents, and expansion land in one package. Add it to the portfolio. Property is tenant occupied. Showings by appointment only with proper notice — please do not disturb tenants. Seller is a licensed Georgia real estate agent. Buyer to cooperate with seller's 1031 exchange at no cost to buyer. Call today to schedule a showing.

Location

State GA

County Dougherty

Area Dougherty

Zoning Multi-Family

Interior

Heating Heat: Central Gas

Cooling Window Unit(s), Wall/Window Unit(s)

Flooring Hardwood

Exterior

Utilities Available Electricity Connected, Sewer Connected

View Y/N No

Water Access Desc Albany Utilities

Roof Type Flat

Garage No

Building

Lot Description See Remarks

Story 3

Sewer Albany Utilities

Water Albany Utilities

Level or Stories 3

Stories 3

Floor Plan 3

Others

Acceptable Financing Sale Price, Conventional

Listing Terms Sale Price, Conventional

Listed by Megalithic Properties,LLC

NEARBY SCHOOLS & PROPERTIES

Debbie Kirkland

Debbie Kirkland

Broker License ID: BK3052075

+1(850) 212-0440

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