SAVANNAH PORTFOLIO – 158 UNITS IN SAVANNAH, GA
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.
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 |
Agent Information Thomas T Furlow
Location Map
SAVANNAH PORTFOLIO – 158 UNITS IN SAVANNAH, GA