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2118 E Gwinnett St 2 Unit Apartment Building Offered at $220,000 Savannah, GA 31404
Investment Highlights
- Unit B – 75% Renovated with Major Systems Completed
- Opportunity to Modernize to Market Standards
- Established Savannah Neighborhood
Executive Summary
Located at 2118 E Gwinnett Street in Savannah, this two-unit multifamily property offers a compelling opportunity for investors or flippers looking to add value through renovation. The building spans 2,630 square feet and is configured with a total of 4 bedrooms and 2 bathrooms, with each unit designed for long-term rental or resale flexibility. Unit A requires a full renovation, featuring two bedrooms and one bathroom on the main level, along with a previously converted attic space that includes two additional bedrooms and one bathroom. The attic conversion will need to be brought up to code or reverted back to traditional attic use, and the interior staircase added in the living room will require replacement. Unit B is approximately 75% renovated, with major improvements already completed, including new sheetrock, flooring, kitchen cabinets with butcher block countertops, recessed lighting, and updated electrical with a new breaker box and wiring. Remaining work includes finishing the hallway ceiling, installing trim and baseboards, replacing windows and doors, completing bathroom fixtures, and installing a new back door. The property is 100% vacant, allowing a new owner to renovate and reposition without tenant disruption, making it well-suited for a value-add multifamily strategy in an established Savannah neighborhood.
Property Facts
| Price | $220,000 | Property Type | Multifamily |
| Price Per Unit | $110,000 | Building Size | 2,630 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1980 |
| Price | $220,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,630 SF |
| No. Stories | 2 |
| Year Built | 1980 |
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Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2005802008 | Improvements Assessment | $68,880 |
| Land Assessment | $14,000 | Total Assessment | $82,880 |
Property Taxes
Parcel Number
2005802008
Land Assessment
$14,000
Improvements Assessment
$68,880
Total Assessment
$82,880
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2118 E Gwinnett St
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