1313 Whitaker St - Apartments FOR SALE


Savannah, GA 31401
$1,595,000 USD
912-433-1072
1313 Whitaker St, Savannah, GA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1313 Whitaker St
Savannah, GA 31401


HIGHLIGHTS

  • 100% Occupancy with Immediate Cash Flow
  • Turn-Key Property with Low Maintenance Needs
  • Prime Location Near Forsyth Park
  • Desirable Unit Configuration: 12 Beds, 8 Baths
  • Strong Long-Term Appreciation Potential
  • Close Proximity to SCAD and Major Employers

OVERVIEW

Seize this rare investment opportunity in Savannah's coveted Victorian Historic District, where history meets modern convenience, and high demand drives long-term value. This fully occupied quadplex offers investors immediate cash flow, making it an ideal, turn-key addition to any portfolio. With four spacious units—each offering 3 bedrooms and 2 baths—spread across 3,504 square feet, this property provides not only rental income from day one but also long-term growth potential in a city known for its strong rental market. The property's historic charm, featuring hardwood floors and modern updates, makes it an appealing choice for tenants seeking a blend of old-world beauty and contemporary living. The 100% occupancy rate reflects the high demand in this thriving area, where rental opportunities are scarce, ensuring that your investment will generate steady income with minimal vacancy risk. Investors will also appreciate the significant financial advantage of a tax abatement until 2025, enhancing the property’s profitability by reducing operating expenses in the near term. This financial buffer allows for greater flexibility in managing and reinvesting profits, whether to grow your portfolio or improve the property further. Developers will find added value in the property’s prime location within a rapidly appreciating neighborhood. Just five blocks from the world-famous Forsyth Park, this property sits in a desirable area known for its proximity to Savannah’s top attractions, including SCAD, boutique shopping, fine dining, and vibrant cultural landmarks. As the neighborhood continues to grow, so does the potential for even greater property value appreciation in the future. With its turn-key status, stable occupancy, and an unbeatable location near the heart of Savannah’s thriving downtown, this quadplex is a perfect investment for those looking to capitalize on immediate rental income while positioning themselves for long-term growth in one of the city’s most desirable areas. Whether you're an experienced investor seeking reliable returns or a developer looking to tap into the booming Savannah real estate market, this property offers a unique opportunity you won’t want to miss.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitaker Multi Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,249 SF

ZONING

TN-1

APN/PARCEL ID

2006601002

ASK ABOUT THIS PROPERTY

Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

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Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.