2BR Home in Albany , GA

About This Property

Cash Cow! No wholesalers! section 8! HUD. $400,000 with terms. Great price for all 8 units! Low Maintenance 8-plex in GA! Owner's terms also avail This is a very bare-bones, low-maintenance property. Expenses equate to once-every few months yard care. All units are separately metered! There is no carpet, no dishwashers, no clothes washers to worry about breaking Down Payment: Contact for details Walls are cinderblock so no potential damage to sheetrock. All units are ac/window units so no expensive compressors. 3 of the 4 buildings have metal roofs which last forever! Affordable Section 8 housing. (Let the government make your tenants' rent payments!) virtually no expenses. Rents should be 8k mo (1k/mo/unit=96k/yr) with new section 8 pricing! Check out this website: https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html. It will show you what HUD/section 8 is willing to pay in the area (1k/mo for 2 bedroom for 2025) With a few inexpensive upgrades you should be able to get 96k/year out of this bundle. Willing to do owner financing terms. Interest only (or principal)payment at 15% down with an 6.5% rate on a 5 or 7 year =Contact for details/mo. No early payoff penalty. We are selling because we have a local opportunity. Each unit is about 725+ sq ft with 2 bedroom and 1 bath. total 6156 sq/ft.91 acre lot. Awesome passive income! This property is located in an Opportunity Zone so it qualifies for deferment and then ultimate elimination of capital gains tax with funds used for purchase and any upgrade investments. (google Opportunity Zone for more info).

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