• Broker Danni Powers 17134444396
  • Broker Richard Mopper 9126635500

637 E Anderson 637 E Anderson St 15 Unit Apartment Building $1,500,000 ($100,000/Unit) 8% Cap Rate Savannah, GA 31401

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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

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

LINKS

  • Engel & Volkers Savannah
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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  • Listing ID: 35693613

  • Date on Market: 4/30/2025

  • Last Updated: 6/6/2025

  • Address: 637 E Anderson St, Savannah, GA 31401