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29562038
29562039

4509 Old Louisville Rd, Savannah, GA 31408

RL
SC 118061
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston
$2,950,000
125 days on market
Updated 11 days ago

Orchard Hill

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,724
Units 18
Cap Rate 6.11%
NOI $180,239
Pro-Forma Cap Rate 7.13%
Pro-Forma NOI $210,315
Price per SqFt $215
Year Built 1992
Year Renovated 2025
Acreage 1.560

Multifamily | 18 Units | $163,889/unit

Marketing description

Marcus & Millichap is pleased to present Orchard Hill, an 18-unit multifamily investment opportunity located in Savannah, Georgia, offering a compelling value add profile in one of the Southeast’s most resilient and high-growth coastal markets. The property has benefited from approximately $30,000 per unit in interior renovations completed during 2025 including all new HVACs, roofing, and water heaters. Improving unit quality and tenant appeal, while creating opportunity for continued rent growth through alignment with comparable renovated assets in the submarket.

Orchard Hill offers a rare opportunity to construct up to eight additional units on the existing site, allowing investors to increase unit density, substantially increase equity, and enhance long-term returns. Savannah’s multifamily fundamentals remain strong, driven by expansion at the Port of Savannah, steady population growth, and limited new multifamily supply. This combination of completed renovations, future development potential, and favorable market dynamics positions Orchard Hill as an attractive opportunity for investors seeking both long-term cash flow and amplified equity appreciation.

Investment highlights

  • $30,000 Per Unit in Renovations During 2025 – Includes All-New HVAC Systems, Roofing, and Water Heaters

  • Stabilized Asset in a High Demand Market

  • Value-Add Opportunity to Build 8 Additional Units

  • Limited New Multifamily Supply Supports Rent Growth and Occupancy

Listing Contacts

RL
SC 118061
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$180,239.00
$15,019.92/mo

Valuation Metrics

0
DSCR
6.11%
Cap Rate
6.11%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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