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97 Ivey St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) Richmond Hill, GA 31324
Executive Summary
Exceptional Multi-Family Investment Opportunity in Richmond Hill! Expand your portfolio with this rare offering of two well-maintained 8-plexes located in the heart of Richmond Hill. Featuring a total of 16 income-producing units, each apartment includes 2 bedrooms, 1 bathroom, a spacious living area, and a fully equipped dine-in kitchen. Tenants benefit from dedicated parking and separate HVAC systems, minimizing owner expenses and simplifying management. Positioned in a high demand rental market, the property enjoys close proximity to major employers, top-rated schools, shopping, dining, and key transportation routes. With a history of strong occupancy and steady returns, this opportunity delivers both immediate cash flow and long term appreciation potential in one of coastal Georgia’s most sought-after communities. 115 Ivey Street (PIN 0532 148) is also included in this sale.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 15,600 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CITY - Multi-Family | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 15,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2022 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | CITY - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
1 1
Property Taxes
| Parcel Number | 0532-147 | Improvements Assessment | $71,080 |
| Land Assessment | $48,000 | Total Assessment | $119,080 |
Property Taxes
Parcel Number
0532-147
Land Assessment
$48,000
Improvements Assessment
$71,080
Total Assessment
$119,080
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97 Ivey St
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