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Orchard Hill 4509-4511 Old Louisville Rd 18 Unit Apartment Building $3,150,000 ($175,000/Unit) 5.98% Cap Rate Garden City, GA 31408
Investment Highlights
- $30,000 Per Unit in Renovations During 2025 – Includes All-New HVAC Systems, Roofing, and Water Heaters
- Value-Add Opportunity to Build 8 Additional Units
- Stabilized Asset in a High Demand Market
- Limited New Multifamily Supply Supports Rent Growth and Occupancy
Executive Summary
Marcus & Millichap is pleased to present Orchard Hill, an 18-unit multifamily investment opportunity located in Savannah, Georgia, offering a compelling value add profile in one of the Southeast’s most resilient and high-growth coastal markets. The property has benefited from approximately $30,000 per unit in interior renovations completed during 2025 including all new HVACs, roofing, and water heaters. Improving unit quality and tenant appeal, while creating opportunity for continued rent growth through alignment with comparable renovated assets in the submarket.
Orchard Hill offers a rare opportunity to construct up to eight additional units on the existing site, allowing investors to increase unit density, substantially increase equity, and enhance long-term returns. Savannah’s multifamily fundamentals remain strong, driven by expansion at the Port of Savannah, steady population growth, and limited new multifamily supply. This combination of completed renovations, future development potential, and favorable market dynamics positions Orchard Hill as an attractive opportunity for investors seeking both long-term cash flow and amplified equity appreciation.
Orchard Hill offers a rare opportunity to construct up to eight additional units on the existing site, allowing investors to increase unit density, substantially increase equity, and enhance long-term returns. Savannah’s multifamily fundamentals remain strong, driven by expansion at the Port of Savannah, steady population growth, and limited new multifamily supply. This combination of completed renovations, future development potential, and favorable market dynamics positions Orchard Hill as an attractive opportunity for investors seeking both long-term cash flow and amplified equity appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,150,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 1.56 AC |
| Sale Type | Investment | Building Size | 18,104 SF |
| Cap Rate | 5.98% | Average Occupancy | 67% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R2 - Multifamily | ||
| Price | $3,150,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 18,104 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R2 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Walk-In Closets
- Pantry
- Wheelchair Accessible (Rooms)
Site Amenities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 590 |
| 2+1 | 16 | - | 784 |
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Property Taxes
| Parcel Number | 6088204068 | Improvements Assessment | $457,360 |
| Land Assessment | $168,000 | Total Assessment | $625,360 |
Property Taxes
Parcel Number
6088204068
Land Assessment
$168,000
Improvements Assessment
$457,360
Total Assessment
$625,360
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Orchard Hill | 4509-4511 Old Louisville Rd
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