Cedar Avenue Apartments

1013 Cedar Avenue Albany, GA 31701

Income-producing, rent-controlled 42-unit multifamily asset offers stable cash flow at 85.71% occupancy with revenue upside through lease-up.

Balanced unit mix, including six one-bedroom, 20 two-bedroom, and 16 three-bedroom residences, broadens renter demand and supports diverse occupancy.
Southwest Albany location near Albany Technical College, approximately five minutes to Downtown Albany and Southwest Georgia Regional Airport.
Nine-building, garden-style layout with wood-frame construction on concrete slab supports long-term ownership efficiency and repositioning potential.
In-unit washer and dryer hookups, standard kitchen appliances, a shaded central courtyard, and ample perimeter parking enhance resident appeal.
Supportive market fundamentals, including a 62% renter population, reinforce sustained demand for attainable housing and long-term upside.

Lee Malchow