TIMBERLAND APARTMENTS – 176 UNITS IN SAVANNAH, GA
PRICE:
STATUS:
Sold
ADDRESS:
10612 Abercorn St, Savannah, GA 31419, USA
OVERVIEW:
SOLD 10/18/2023
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Built in 1974, Timberland Apartments is a 176-unit apartment community located in Savannah, GA. The property features a mix of one-, two- and three-bedroom floorplans. Amenities include an onsite leasing office, pool, playground, laundry facility, and picnic areas. This offering presents a great opportunity to increase income through strategic value-add improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 48 UNITS | 1BD/1BA | 560 SF | $1,160 |
| 96 UNITS | 2BD/1BA | 780 SF | $1,370 |
| 32 UNITS | 3BD/2BA | 915 SF | $1,730 |
| 176 TOTAL UNITS | 131,040 TOTAL SF |
PROPERTY INFORMATION
| PIN | 20649 06003 |
| Tax Value | $8,549,360 |
| Taxes | $307,268.06 |
| Lot Size | 9.5 ACRES |
| Year Built | 1974 |
| Exterior | WOOD |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL HEAT & AIR |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | PT MAGNOLIA TRACT & PT OF LOT 5 BEING SUB OF ORIGINAL LOT 1 OF THE SALFNER TRACT |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS (IN SELECT UNITS) |
| Sold Date | 2023-10-18 |
| Zoning | RMF |
Agent Information Thomas T Furlow
Location Map
TIMBERLAND APARTMENTS – 176 UNITS IN SAVANNAH, GA
Address:
10612 Abercorn St, Savannah, GA 31419, USA
Unit:
176