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Michael Gonzalez

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$ 4,250,000

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Active Under Contract

130 Alfred Savannah, GA 31408

2 Beds

2 Baths

48,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 48,000 sqft

Price per Sqft $88

MLS Listing ID SA336086

Bedrooms 2

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1982

Contingent Due Diligence

Lot Size 4.240 Acres

Acres 4.24

Property Sub-Type Multi Family

Property Description

Incredible opportunity to own a Stabilized 44-unit Multi-Family complex just 5 minutes from Savannah's Historic District! Built in 1982, this property spans 8 separate buildings across 4+ acres with convenient access to major roadways, public transportation, shopping, and dining. Property includes 16 spacious 1BD/1BA units at 900 SF and 28 two-story 2BD/1.5BA townhomes at 1,200 SF with washer/dryer hookups. On-site parking and trash service add to tenant convenience. Maintained 99% occupancy under current ownership for nearly 12 years with vacancies almost never lasting more than a couple of weeks, with many long-term tenants in place. Significant potential to raise rents to market rates and boost income. Large lot offers space for additional units, or additional development of community amenities—true value-add potential. Perfect for investors looking to expand their portfolio in the growing Savannah market.

Location

State GA

County Chatham

Zoning RMF

Rooms

Other Rooms Workshop

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Vinyl

Fireplace No

Appliance Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood

Exterior

Exterior Feature Patio

Parking Features Parking Lot

Fence Decorative, Metal, Privacy

Utilities Available Cable Available, Underground Utilities

Water Access Desc Public

Accessibility None

Porch Patio

Building

Story 2

Sewer Public Sewer

Water Public

Additional Building Workshop

Schools

Elementary Schools Bartow

Middle Schools Mercer

High Schools Groves

Others

Tax ID 20716 05027

Ownership Investor

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/sav/SA336086

Listed by Seaport Real Estate Group

Michael Gonzalez

Broker

+1(843) 815-6800

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Hilton Head Island, Hilton Head Island, SC

Michael Gonzalez

130 Alfred Savannah, GA 31408

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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