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Pine Ridge Apartments
333 S Mock Rd, Albany, GA 31705
Available Now
Undisclosed
74 views
1 / 2
FOR SALEMultifamily / Apartments Building
Cap Rate
7.8%
Building Size
246,720SF
Parking Info
1.93/1,000 SF
Lot Size
18.05AC
Year Built
1979
Year Renovated
2024
Listing Contacts
More property details
APN
00155-00001-08A , 00155-00001-08B
Zoning
R6
Occupancy
90%
Currently Leased
No
Sale Type
Investment Sale
Property Class
B
No of Stories
2
Units
232
Features & amenities
Unit Amenities
Air Conditioning
Kitchen
Carpet
Central Heating
Washer/Dryer or Laundry Services
Site Amenities
Clubhouse
Maintenance on site
Property Manager on Site
Storage Facilities
Swimming Pool
Dining Area
Package Lockers
Location Amenities
Airport
Location Amenities
Location
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Pine Ridge Apartments
About the location
Pine Ridge Apartments is a 232-unit multifamily community that has undergone extensive interior and exterior upgrades, with additional potential to raise rents as leases renew. Interior renovations feature new LVP flooring, updated cabinets and countertops, black appliances, refreshed fixtures, upgraded electrical and plumbing systems, and fresh paint throughout.
Location highlights
- Over $3 million recently spent on property upgrades
- Spacious units offering potential for additional rent increases upon lease renewal
- 90% of apartments fully updated
- 95% occupancy with solid existing operations
- Appealing assumable financing available
- Features include vinyl flooring, tub/shower combos, and disposal units
- Includes a renters insurance program and range appliances