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Whitaker Multi Family 1313 Whitaker St

4 Unit Apartment Building $2,240,465 CAD ($560,116 CAD/Unit) Savannah, GA 31401

Investment Highlights

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

Executive Summary

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.

Property Facts

Price $2,240,465 CAD
Price Per Unit $560,116 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.05 AC
Building Size 3,504 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Family Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 4 - -
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2006601002
Land Assessment
$38,764 CAD
Improvements Assessment
$491,789 CAD
Total Assessment
$530,553 CAD

zoning

Zoning Code TN-1 (TN1- TRADITIONAL NEIGHBORHOOD-1)
TN-1 (TN1- TRADITIONAL NEIGHBORHOOD-1)
  • Listing ID: 33297736

  • Date on Market: 2024-09-25

  • Last Updated:

  • Address: 1313 Whitaker St, Savannah, GA 31401

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