SAVANNAH PORTFOLIO – 158 UNITS IN SAVANNAH, GA

PRICE:
STATUS:
Sold
ADDRESS:
10600 Abercorn St, Savannah, GA 31419, USA
OVERVIEW:

SOLD 9/21/2023

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. This deal represented the purchase of 158 units across three assets, including Timberland Lofts, Abercorn Pointe Townhomes, and Crossroads Apartments, all of which are located in the growing submarket of Savannah, Georgia. This offering presents the opportunity to acquire a portfolio of well performing assets in a high barrier of entry market with income upside through strategic value-add improvements.

Built in 1984, Timberland Lofts feature 30-units that are all one-bedroom, one-bathroom floorplans.

Built in 1982, Crossroads Apartments feature 48-units across a mix of two- and three-bedroom floorplans.

Built in 1965, Abercorn Pointe Townhomes feature 80 townhome units, all of which are two-bedroom floorplans.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
30 UNITS (TIMBERLAND LOFTS) 1BD/1BA 715 SF $1,315
80 UNITS (ABERCORN POINTE) 2BD/1.5BA (TH) 960 SF $1,495
20 UNITS (CROSSROADS) 3BD/1BA 935 SF $1,535
28 UNITS (CROSSROADS) 2BD/1BA 909 SF $1,345
158 UNITS TOTAL 142,402 TOTAL SF
PROPERTY INFORMATION
PIN MULTIPLE PARCELS - CONSULT TAX RECORDS
Tax Value $6,204,400
Taxes $186,114.01
Lot Size 12.06 ACRES
Year Built 1965, 1982, 1984
Exterior BRICK, HARDBOARD
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL HEAT & AIR
Utilities TENANTS PAY UTILITIES
Legal Description CONSULT TAX RECORDS
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS (IN SELECT UNITS)
Sold Date 2023-09-21
Zoning RMF

Location Map

SAVANNAH PORTFOLIO – 158 UNITS IN SAVANNAH, GA
Address: 10600 Abercorn St, Savannah, GA 31419, USA Unit: 158