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637 E Anderson 637 E Anderson St 15 Unit Apartment Building $1,500,000 ($100,000/Unit) 8% Cap Rate Savannah, GA 31401
INVESTMENT HIGHLIGHTS
- Centrally Located
- Fully Furnished with optionally garage/storage building
- Move-In Ready with several financing scenarios
EXECUTIVE SUMMARY
Prime Investment Opportunity – 5-Unit Complex in a Thriving Location
Discover this exceptional 5-unit complex in an area experiencing significant growth. The property features four spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each thoughtfully designed for comfort and convenience. Building has a fully created HOA company that can be utilized, or not. By-laws and covenants have been created and a 5 car garage with storage units has been approved by the city. Builder is willing to build for an additional fee.
Every unit offers:
Private in-unit laundry
Dedicated off-street parking
Separate metering for water and electricity
Individual PIN numbers for seamless ownership management
Ideal for investors, rent projections for fully furnished units range from $2,500–$2,900 per month.
Located within walking distance to SCAD’s Anderson Hall, popular local spots Shuk and The Laundry, and the newly acquired Rhino Group Theater, this complex offers unbeatable accessibility. Plus, with easy access to the Truman Parkway, getting around the city is effortless.
Don’t miss this prime opportunity to invest in a property positioned for success
Discover this exceptional 5-unit complex in an area experiencing significant growth. The property features four spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each thoughtfully designed for comfort and convenience. Building has a fully created HOA company that can be utilized, or not. By-laws and covenants have been created and a 5 car garage with storage units has been approved by the city. Builder is willing to build for an additional fee.
Every unit offers:
Private in-unit laundry
Dedicated off-street parking
Separate metering for water and electricity
Individual PIN numbers for seamless ownership management
Ideal for investors, rent projections for fully furnished units range from $2,500–$2,900 per month.
Located within walking distance to SCAD’s Anderson Hall, popular local spots Shuk and The Laundry, and the newly acquired Rhino Group Theater, this complex offers unbeatable accessibility. Plus, with easy access to the Truman Parkway, getting around the city is effortless.
Don’t miss this prime opportunity to invest in a property positioned for success
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $100,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8% | Building Size | 4,105 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2023 |
| Zoning | RM25 - Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Building Size | 4,105 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2023 |
| Zoning | RM25 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $2,700 | 800 |
| 1+1 | 5 | $2,625 | 700 |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 2005414006 | Improvements Assessment | $77,320 |
| Land Assessment | $16,000 | Total Assessment | $93,320 |
PROPERTY TAXES
Parcel Number
2005414006
Land Assessment
$16,000
Improvements Assessment
$77,320
Total Assessment
$93,320
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637 E Anderson | 637 E Anderson St
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