7505 Waters Avenue Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2049109040 & 2049109038
- Size
- 1,737 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-12 PARK SOUTH & UNIT C-14 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Flooring type
- Wood, Carpet
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Steffany P. Farmer License #168178 (912) 484-5552
Listing office Better Homes and Gardens Real 130 Canal Street, Suite 504, Pooler, GA (912) 303-8405
Listing date Jan 14, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 7505 Waters Avenue in Savannah, GA 31406, and features front-door parking for client and staff convenience. Unit 14 is described as an upstairs end unit with a view overlooking the corner park. The building has a newly replaced roof, and HOA dues are $170 per month beginning in January.
For tenants or owner-occupants, the configuration is well-suited to professionals such as therapists, attorneys, consultants, and other medical or professional office users who value separate entry and independent systems. For buyers, the HOA covers landscaping, exterior repairs, parking lot maintenance, and the roof, reducing day-to-day ownership responsibilities. The seller also owns adjoining units that may be purchased separately, offering a path to expand into additional contiguous space if desired.
Key Highlights
- 12 and 14: flexible second‑story office condominium options in Park South Office Complex
- Each unit has a private exterior entrance with its own staircase and no shared interior hallways
- Units include private half baths plus separate HVAC systems and electric water heaters for independent operation
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $22.20 |
| − Vacancy | −$6.4k | −$3.66 |
| EGI | $32.2k | $18.54 |
| − OpEx | −$8.0k | −$4.63 |
| NOI | $24.1k | $13.90 |
