97 & 115 Ivey St, Richmond Hill, GA 31324

$2,300,000
32
BD
16
BA
15,600
SqFt

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Sold Price
$2,300,000
List Price
$2,500,000
Status
CLOSED
Days on Market
124
Closing Date
Apr 28, 2026
MLS#
SA342091
Subtype
Commercial Sale
Year Built
1977
Bedrooms
32
Bathrooms
16
Full Baths
16
Living Area
15,600
Lot Size
20,038
Acres
0.46

Property Description

Prime Multi-Family Investment - 16 Units in Richmond Hill, GA . This rare offering includes two well-maintained 8-unit buildings for a total of 16 income-producing units, ideally suited for commercial investors or 1031 exchange buyers seeking reliable cash flow and long-term appreciation. Each unit features a 2 bedroom, 1 bath floor plan with a spacious living area and fully equipped dine-in kitchen, appealing to a broad tenant base. The property offers dedicated tenant parking and separate HVAC systems for each unit, helping reduce owner operating expenses and streamline management. Strategically located near major employers, two military bases, top rated schools, retail, dining, and primary transportation corridors, this asset benefits from consistent tenant demand and strong historical occupancy. The Richmond Hill market continues to demonstrate above-average rental stability and growth potential within coastal Georgia. The sale includes 115 Ivey Street (PIN 0532 148), providing scale and operational efficiency in a single acquisition. This investment delivers immediate income, stable returns, and long-term appreciation potential in one of the region’s most sought-after submarkets

Additional Information

Exterior Features
Other
Flooring
Carpet, Vinyl
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
Heating
Central, Electric
Air Conditioning
Central Air, Electric

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Coastal Area P. Selling Office: NON MLS MEMBER.