130 Alfred, Savannah, GA 31408
- $3,900,000
- 2
- BD
- 2
- BA
- 48,000
- SqFt
- Sold Price
- $3,900,000
- List Price
- $4,250,000
- Status
- CLOSED
- Days on Market
- 52
- Closing Date
- Sep 30, 2025
- MLS#
- SA336086
- Subtype
- Residential Income
- Year Built
- 1982
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 1
- Half Baths
- 1
- Living Area
- 48,000
- Lot Size
- 184,694
- Acres
- 4.24
Property Description
Incredible opportunity to own a Stabilized 44-unit Multi-Family complex just 5 minutes from Savannah’s Historic District! Built in 1982, this property spans 8 separate buildings across 4+ acres with convenient access to major roadways, public transportation, shopping, and dining. Property includes 16 spacious 1BD/1BA units at 900 SF and 28 two-story 2BD/1.5BA townhomes at 1,200 SF with washer/dryer hookups. On-site parking and trash service add to tenant convenience. Maintained 99% occupancy under current ownership for nearly 12 years with vacancies almost never lasting more than a couple of weeks, with many long-term tenants in place. Significant potential to raise rents to market rates and boost income. Large lot offers space for additional units, or additional development of community amenities—true value-add potential. Perfect for investors looking to expand their portfolio in the growing Savannah market.
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Additional Information
- Zoning
- RMF
- Flooring
- Carpet, Vinyl
- Appliances
- Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Parking Features
- Parking Lot
- Elementary School
- Bartow
- Middle School
- Mercer
- High School
- Groves
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Listing courtesy of Seaport Real Estate Group. Selling Office: Seaport Real Estate Group.