97 Ivey St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) Richmond Hill, GA 31324

97 Ivey St offers investors the rare opportunity to acquire a stabilized, fully occupied multifamily asset comprising two well-maintained eight-unit buildings in the heart of Richmond Hill, one of coastal Georgia’s fastest-growing and most desirable residential communities. The property features sixteen spacious two-bedroom, one-bathroom units, each designed with functional layouts that include full living areas, efficient kitchens, individual HVAC systems, washer and dryer hookups, and in-unit amenities that support strong tenant retention and long-term operational ease.
Both buildings reflect thoughtful upgrades completed in 2022, reducing immediate capital needs and positioning the asset for continued performance. Individually metered utilities keep expenses highly manageable, while ample onsite parking and a quiet neighborhood backdrop enhance resident satisfaction. With consistent 100 percent occupancy and proven demand for well-kept workforce housing in the Richmond Hill area, the property delivers stable income from day one.
Richmond Hill benefits from impressive demographic growth driven by proximity to Savannah, Fort Stewart, major logistics corridors, manufacturing employers, and top-rated public schools. The area’s strong median household incomes and limited supply of quality rental housing contribute to reliable absorption and long-term appreciation potential. Residents enjoy convenient access to Highway 17, I-95, local retail, parks, and community services, reinforcing the property’s appeal as a durable, cash-flowing investment.
For investors seeking a stabilized asset with minimal management complexity and strong fundamentals in a fast-growing coastal market, 97 Ivey St provides an attractive balance of current income, renovation upside, and long-term value appreciation potential.