204 Bruce Street, Savannah, GA 31406
MULTI_FAMILY - Savannah, GA
Property Features for 204 Bruce Street
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
A key feature is the private 443 SF detached ADU, which has its own kitchen, living space, bedroom, full bath, walk-in closet, and laundry area—well suited to rental income, multigenerational living, guest accommodations, or a home office.
Utilities are provided via public water and public sewer, with central electric heating and central air cooling. Off-street parking is available, and the home includes pull-down attic stairs. The roof is composition, and construction materials include vinyl siding and wood siding.
Key Highlights
- 0.17‑acre lot with 2005 SF total property size
- Private 443 SF detached 1‑bedroom ADU with kitchen, living area, bedroom, full bath, walk‑in closet, and laundry
- New construction under construction; year built 2026
Financial Insights For Multifamily LT 5
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 | $32.5k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $30.4k | $15.15 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.3k | $10.60 |
Alternative Uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Demographics for 31406, GA
Market
Vacancy Rate% for Multifamily in South region