Log In/Sign Up
Your email has been sent.
3411 Bull St 4 Unit Apartment Building $1,100,000 ($275,000/Unit) 6.04% Cap Rate Savannah, GA 31405
Investment Highlights
- All Brick Quadplex
- Off Street Parking
- Strong Historic Operating Performance
- Corner Lot
- In Unit Washer and Dryers
- Suitable for Long-Term or Executive Rentals
Executive Summary
3411 Bull Street offers the opportunity to acquire a well-located all-brick quadplex in Savannah’s highly desirable Ardsley Park corridor. The property consists of four spacious units totaling approximately 3,980 SF on a prominent corner lot with off-street parking along the Bull Street corridor.
Three of the four units have undergone extensive kitchen renovations, featuring completely rebuilt kitchens with solid wood cabinetry, custom tile, designer backsplashes, and in-unit washer and dryer setups. Each unit offers functional layouts with Jack-and-Jill bathrooms, large bedrooms, and walk-in closets, creating a strong and desirable rental product.
The property is currently generating approximately $7,700 per month in gross rental income and has demonstrated consistent operating performance. In addition to its current use as long-term rentals, the property lends itself well to executive or mid-term rental strategies given the location, unit layouts, and quality of finishes.
Investors benefit from a prime Midtown Savannah location with close proximity to Ardsley Park, Habersham Village, the Starland District, SCAD, and Downtown Savannah. This is a core-plus multifamily investment opportunity with in-place income and additional upside potential through continued value-add and operational improvements in a high-demand rental corridor.
Three of the four units have undergone extensive kitchen renovations, featuring completely rebuilt kitchens with solid wood cabinetry, custom tile, designer backsplashes, and in-unit washer and dryer setups. Each unit offers functional layouts with Jack-and-Jill bathrooms, large bedrooms, and walk-in closets, creating a strong and desirable rental product.
The property is currently generating approximately $7,700 per month in gross rental income and has demonstrated consistent operating performance. In addition to its current use as long-term rentals, the property lends itself well to executive or mid-term rental strategies given the location, unit layouts, and quality of finishes.
Investors benefit from a prime Midtown Savannah location with close proximity to Ardsley Park, Habersham Village, the Starland District, SCAD, and Downtown Savannah. This is a core-plus multifamily investment opportunity with in-place income and additional upside potential through continued value-add and operational improvements in a high-demand rental corridor.
Property Facts
| Price | $1,100,000 | Property Subtype | Apartment |
| Price Per Unit | $275,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.04% | Lot Size | 0.18 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,980 SF |
| Gross Rent Multiplier | 11.9 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1956/2023 |
| Zoning | RM25 - Residential Multi-Family | ||
| Price | $1,100,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,980 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2023 |
| Zoning | RM25 - Residential Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2008816020 | Improvements Assessment | $236,040 |
| Land Assessment | $19,160 | Total Assessment | $255,200 |
Property Taxes
Parcel Number
2008816020
Land Assessment
$19,160
Improvements Assessment
$236,040
Total Assessment
$255,200
1 of 41
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3411 Bull St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.