1313 Whitaker St Savannah, GA 31401
- Commercial real estate
- 3,504 SF
- 0.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1313 Whitaker St
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 3,504 SF
- Property type
- Commercial real estate
- APN
- 20066 01002
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.099116356772
- Latitude
- 32.063046896999
