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521 W. 37th Street 521 W 37th St 5 Unit Apartment Building $999,000 ($199,800/Unit) 7.94% Cap Rate Savannah, GA 31415
Investment Highlights
- One unit unfinished, Value add opportunity
- Furnished
Executive Summary
Multifamily opportunity in the heart of Savannah. Comes with a value-add opportunity
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $999,000 | Property Subtype | Apartment |
| Price Per Unit | $199,800 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.94% | Building Size | 3,450 SF |
| Gross Rent Multiplier | 15 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2020 |
| Zoning | R3 - Residential Zoning | ||
| Price | $999,000 |
| Price Per Unit | $199,800 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Gross Rent Multiplier | 15 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2020 |
| Zoning | R3 - Residential Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $1,900 | 802 |
| 2+1 | 1 | $2,650 | 1,013 |
| 1+1 | 3 | $1,850 | 515 - 550 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2007310001 | Total Assessment | $122,760 (2026) |
| Land Assessment | $16,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $106,760 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
2007310001
Land Assessment
$16,000 (2026)
Improvements Assessment
$106,760 (2026)
Total Assessment
$122,760 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
521 W. 37th Street | 521 W 37th St