816-818 Drayton St - Apartments FOR SALE


Savannah, GA 31401
$5,485,000 USD
912-433-1072
816-818 Drayton St, Savannah, GA for Sale
$5,485,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

816-818 Drayton St
Savannah, GA 31401


HIGHLIGHTS

  • Premier Location on Forsyth Park
  • 14-Unit Historic Property
  • 100% Occupancy
  • Porches with Park Views
  • Modern Kitchens and Appliances
  • Hardwood Floors Throughout

OVERVIEW

If you're seeking a high-return investment in Savannah, look no further than this premier 14-unit apartment building situated directly on Forsyth Park. This property offers a rare combination of historic charm and modern upgrades, making it both timeless and attractive to renters. With hardwood floors, renovated kitchens, and some units boasting porches with serene views of the park, it’s an ideal choice for residents who desire both luxury and convenience. Currently at 100% occupancy. The demand for rental properties in this prime location is consistently high, especially among SCAD students, professionals, and those drawn to downtown Savannah’s vibrant lifestyle. Steps away from Savannah's top attractions, including the Savannah College of Art and Design (SCAD), boutique shopping, fine dining, and major hospitals, this property is perfectly positioned to attract high-quality tenants. The booming rental market, driven by economic growth and increased demand, makes this investment a golden opportunity to achieve exceptional returns. Don’t miss your chance to own a historic, income-generating asset in Savannah’s most desirable location.

FOR SALE DETAILS

PRICE

$5,485,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

14

PRICE/UNIT

$391,786

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,029 SF

ZONING

1-R

APN/PARCEL ID

2004413038

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.