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$795,000
20 Days On Site

416 Tift Avenue
Albany, GA 31701

For Sale|Multi Family|Active
0
Beds
0
Total Baths
8,790
SqFt
$90
/SqFt
1947
Built
County:
Dougherty
Call Now: (229) 364-8568
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(229) 364-8568
416 Tift Avenue416 Tift Avenue416 Tift Avenue416 Tift Avenue
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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.

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Listing Snapshot
Price 
$795,000
Days On Site 
20 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,790 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.04 Acres
Year Built 
1947
MLS® Number 
169845
Status 
Active
Property Tax 
$7,733.43
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
1.04
Number Of Stories 
3
Property Sub Type 
Multi Family
SqFt Total 
8790
Utilities 
Sewer Connected
Zoning 
Multi-Family
Interior Features
Cooling 
Window Unit(s)Wall/Window Unit(s)
Flooring 
Hardwood
Heating 
CentralNatural Gas
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Exterior Features
Construction Details 
Stucco
Community Features
MLS Area 
Northeast Albany

Neighborhood & Commute
Source: Walkscore
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