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816 W 38th St 6 Unit Apartment Building $999,000 ($166,500/Unit) Savannah, GA 31415
Investment Highlights
- Newly Renovated
- Market Rent Units
- Easy Access Location
Executive Summary
Opportunity to acquire a newly renovated 6-unit multi-family in historic Cuyler-Brownsville in Savannah. Easy access to SCAD, downtown Savannah, and Starland District. Each unit has 2 bedrooms/1 bath with private entrance. All units recently renovated throughout, including new kitchens, bathrooms, flooring, lighting, water heaters, updated electrical, plumbing and HVAC (split system). Tenants share a large, fenced, outdoor courtyard. Available for immediate occupancy
Financial Summary (Pro Forma - 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 (Pro Forma - 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 | Building Class | C |
| Price Per Unit | $166,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,245 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1990/2025 |
| Apartment Style | Low-Rise | ||
| Zoning | TR-1 - Traditional Residential District | ||
| Price | $999,000 |
| Price Per Unit | $166,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,245 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2025 |
| Zoning | TR-1 - Traditional Residential District |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,850 | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 2007303020 | Total Assessment | $72,000 |
| Land Assessment | $12,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $60,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
2007303020
Land Assessment
$12,000
Improvements Assessment
$60,000
Total Assessment
$72,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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816 W 38th St
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