🏢 13 Beds | 13 Baths | 3,632 SqFt | Lot Size: 5 Acres | Built: 1977 | No Pool | HUD Voucher: $849 for Studios | NOI: $62,500+ with 20% vacancy factored

✨ Key Highlights:

• Cash Flowing Opportunity: Current NOI of $62,500+ with a 25%-30% Gross ROI
• Potential to Expand: Zoning allows for construction of another apartment building
• Ideal Location: Just North of Tallahassee, close to Radium Springs, historic shops, Chehaw Zoo, and more
• Renovated Units: New roof (2022), updated plumbing, new kitchenettes in each unit, and lots of modern updates, including new furniture and serviced PTACs
• Strong Rental Income: 50% of the 12 rentable units pay $250/week, while the other 50% pay ~$800/month
• Utilities: Electric $800-$1,000/month, water and trash $150/month, internet $500/month. Laundry on-site and community BBQ available
• Proforma Potential: Opportunity for increased income with the addition of a second apartment building
• SBA Loan Eligibility: Qualifies for Small Business Administration loan

💵 We Offer Hard Money Loan

📞 For more information, please contact us at (321) 450-3472 or (845) 957-7951

This Albany gem is the perfect cash-flowing investment with room for even more income! 💼✨