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30106114
30106164

521 W 37th St, Savannah, GA 31415 For Sale

$1,399,000
134 days on market
Updated 12 days ago

521 W. 37th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,506
Units 5
Cap Rate 5.65%
NOI $79,000
Occupancy 80%
Pro-Forma Cap Rate 7.15%
Pro-Forma NOI $100,090
Price per SqFt $399
Year Built 1950
Year Renovated 5
Buildings 2
Stories 2
Zoning R3
Investment Type Value Add

Multifamily | 5 Units | $279,800/unit

Marketing description

Excellent opportunity to own a versatile, income-producing multi-family property in a convenient downtown Savannah location. This unique offering includes five total units comprising a duplex at 521 W 37th Street and a one-story triplex at 2106–2108 Burroughs Street, with a combined 3,506 square feet of living space. Units 521B, 2106, and 2108 Burroughs Street are furnished and currently operating as executive rentals, providing strong short-term or mid-term rental income. 521A is a long-term rental, offering stable, consistent cash flow. Unit 2106B has not yet been renovated, presenting an excellent value-add opportunity for increased future revenue.

Investment highlights

The property’s proximity to downtown Savannah, major employment centers, hospitals, dining, and shopping makes it highly attractive to tenants and traveling professionals alike. Whether you’re seeking a stabilized investment with upside potential or a mixed-use rental strategy, this property offers flexibility, location, and strong income potential in one package.

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$79,000.00
$6,583.33/mo

Valuation Metrics

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DSCR
5.65%
Cap Rate
5.65%
ROI

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Additional Information

Name
Danny Worsley
License
81953
Brokerage
Bare Real Estate
Brokerage Phone
9127772511
Title
Owner & Broker
Brokerage Address
523 Jackson Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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