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31706493
31706494

11010 Middleground Rd, Savannah, GA 31419

RL
SC 118061
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston
$2,750,000
49 days on market
Updated 6 days ago

11010 Middleground Rd

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,800
Units 22
Cap Rate 6.02%
NOI $165,670
Price per SqFt $164
Year Built 1974
Acreage 1.100

Multifamily | 22 Units | $125,000/unit

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire 11010 Middleground Rd, a 22-unit multifamily asset located in Savannah. Constructed in 1974 and situated on approximately 1.10 acres, the property features a desirable unit mix of one- and two-bedroom floorplans that cater to the area’s strong workforce housing demand.

The asset offers investors a value-add opportunity through interior improvements, operational efficiencies, and the ability to capture rental upside in a steadily growing coastal market. The property will continue to benefit from sustained renter demand driven by Savannah’s expanding population and employment base.

Savannah’s multifamily market continues to demonstrate long-term strength despite short-term supply pressures. The metro has experienced significant population and job growth, largely fueled by the expanding Port of Savannah, one of the fastest-growing ports in the nation, as well as continued investment in logistics, manufacturing, and tourism sectors. While a recent wave of new construction has temporarily softened rent growth and occupancy, demand remains resilient, with absorption levels remaining strong and investor interest continuing across the market. As new supply is absorbed and construction activity moderates, a favorable environment for rent growth and long-term appreciation is emerging. Positioned within this dynamic market, 11010 Middleground Rd offers investors the opportunity to acquire a asset with both in-place cash flow and future upside potential.

Investment highlights

  • The property’s one- and two-bedroom unit mix aligns with consistent demand from Savannah’s growing renter-by-necessity population.
  • Opportunity to enhance revenue through interior upgrades, improved property management, and expense optimization.
  • Smaller, vintage assets like this face less direct competition from newly delivered Class A product.
  • Proximity to major employment drivers supports stable occupancy and long-term tenant retention.
  • A 22-unit property offers an ideal balance of operational efficiency and accessibility for a wide range of investors.
  • Market fundamentals are expected to improve as new supply is absorbed, supporting future rental rate increases.

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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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,670.00
$13,805.83/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
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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