Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

0 N Avalon Dr 32 Unit Apartment Building $2,488,000 ($77,750/Unit) Savannah, GA 31404

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • The multi-family project which is under development is up for sale with two buildings that are approximately 70% complete
  • A new owner takes over, they could have two buildings ready for rent within 60 days
  • Located minutes from downtown, off of Skidaway Road across from Gordonston Subdivision.
  • Each building consist of 8 units with 2 bedrooms and 1 bathroom each.
  • The third pad's foundation is already poured and stubbed. The Fourth pad is awaiting development.

EXECUTIVE SUMMARY

The multi-family project which is under development is up for sale with two buildings that are approximately 70% complete. If a new owner takes over, they could have two buildings ready for rent within 60 days. The third pad's foundation is already poured, while no work has been done on the fourth pad yet.
Four parcels individually pinned, One 7,200 SF building per pad, Eight 900 SF units per building.
32 total, 900 SF each with 2 beds /1 bath each.
Building Construction - Pad 1: 70% completed, Pad 2: 70% completed, Pad 3: One slab poured & plumbing stubbed, Pad 4: Pad ready.

PROPERTY FACTS

Price $2,488,000
Price Per Unit $77,750
Sale Type Investment
Sale Condition Building in Shell Condition
No. Units 32
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 1.14 AC
Construction Status Under Construction
Building Size 28,800 SF
No. Stories 2
Year Built 2026
Zoning R6 - SINGLE-FAMILY ATTACHED RESIDENTIAL DISTRICT

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 32 $1,950 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2006103001
Land Assessment
$24,360
Improvements Assessment
$0
Total Assessment
$24,360
  • Listing ID: 30307592

  • Date on Market: 12/7/2023

  • Last Updated:

  • Address: 0 N Avalon Dr, Savannah, GA 31404

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}