2107 Dervan St, Albany, GA, 31701

About This Home

Cash Cow! No wholesalers! section 8! HUD. Great price 299k for all 8 units! Low Maintenance 8-plex in GA! Owner's terms 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. 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 the hud website. 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. 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).