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    OFF-MARKET
    Commercial real estate

    1313 Whitaker St, Savannah, GA 31401

    3,504 SF 0.05 ac lot Built 1900
    Property ID
    US22-0643416
    Property summary
    AI-generated overview

    This fully occupied, four-unit apartment building in Savannah's Historic District presents a compelling investment opportunity. The 3,504 square foot property, built in 1900, boasts 100% occupancy, generating immediate cash flow. Each of the four units features three bedrooms and two bathrooms, appealing to a wide range of renters. Located just five blocks from Forsyth Park, the property benefits from its proximity to SCAD, shopping, dining, and other downtown attractions, ensuring high demand and low vacancy risk. The property's historic charm, combined with modern updates, creates a desirable living space. A tax abatement is in place until 2025, further enhancing profitability. Situated on a 0.05-acre lot, this Class B multifamily building is zoned TN-1 and offers significant potential for long-term appreciation in a rapidly growing neighborhood. The asking price is $1,650,000. This stabilized investment is a turnkey opportunity for investors seeking immediate returns and future growth in a prime Savannah location. The property's strong rental market and desirable location make it an exceptional addition to any portfolio. The two-story building is comprised of one building. The APN is 20066 01002.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 3,504 SF
    Lot 0.05 ac (2,178 SF)
    APN 20066 01002
    UPID US22-0643416
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Zoning & alternative use
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