Property Highlights

• 178 Units, Built in 1973 
• Unit mix comprised of two- and three-bedroom floor plans, including (106) 2BR/1BA, (3) 2BR/1.5BA, and (69) 3BR/1.5BA layouts. 
• Gross Building Square Footage of ±156,640 SF 
• Average Unit: ±880 SF  
• Current Occupancy: 85% 
• Current Average Rent: $757 | Market Average Rent: $810 Situated on ±25.63 Acres, providing a low-density site with ample spacing  
• Individually metered for Electricity & Water/Sewer  
  • Copper Wiring & Copper Plumbing 
• Low-density, garden-style, single-story community  
• Renovated in 2022, except for 11 Classical Units  
• Renovation consists of Black Appliances, New Cabinets, Countertops, Flooring (Removed Carpet).  
• W/D Connections in all units. Tenants provide machines.  
• Central HVAC – 70-75% of the units have been replaced in the past 2-3 years.  
• All Roofs were replaced in the past 3 years, except 4 of them.  

Interior Highlights

• Situated on ±25.63 Acres, providing a low-density site with ample spacing
• Premium finishes throughout, featuring modern cabinetry, tile backsplash, and stainless-steel appliances
• In-unit washer/dryer connections for added convenience
• Open-concept living and dining layouts that maximize usable space and natural light
• Well-proportioned bedrooms with functional layouts suitable for families or roommates
• Central HVAC in All Units

Location Highlights

• Strategically located near Albany’s primary transportation corridors, offering convenient access to US Highway 82, US Highway 19, Dawson Road, and West Broad Avenue, which serve as the city’s main east–west and north–south thoroughfares and connect residents to major employment centers throughout Albany and the surrounding region. 
• Within 2 miles of key retail locations, including Walmart Supercenter, Lowe’s Home Improvement, Publix, Chick-fil-A, Starbucks, and other national and regional retailers 
• Proximity to major employers, including Phoebe Putney Memorial Hospital, Marine Corps Logistics Base Alban), Procter & Gamble, Albany State University, and other regional healthcare, education, and manufacturing employers. 
• Median household income of approximately $45,000, supporting sustained demand for affordable two- and three-bedroom rental housing within Albany’s core workforce renter base. 
• Stable population and rental demand fundamentals, with limited new multifamily supply and consistently occupied workforce housing across the Albany market.