3411 Bull St - Apartments FOR SALE


Savannah, GA 31405- Bingville
$1,100,000 USD
912-659-0464
3411 Bull St, Savannah, GA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/40
null | 6.04% Cap Rate

3411 Bull St
Savannah, GA 31405
Bingville


HIGHLIGHTS

  • All Brick Quadplex
  • Corner Lot
  • Off Street Parking
  • In Unit Washer and Dryers
  • Strong Historic Operating Performance
  • Suitable for Long-Term or Executive Rentals

OVERVIEW

3411 Bull Street offers the opportunity to acquire a well-located all-brick quadplex in Savannah’s highly desirable Ardsley Park corridor. The property consists of four spacious units totaling approximately 3,980 SF on a prominent corner lot with off-street parking along the Bull Street corridor. Three of the four units have undergone extensive kitchen renovations, featuring completely rebuilt kitchens with solid wood cabinetry, custom tile, designer backsplashes, and in-unit washer and dryer setups. Each unit offers functional layouts with Jack-and-Jill bathrooms, large bedrooms, and walk-in closets, creating a strong and desirable rental product. The property is currently generating approximately $7,700 per month in gross rental income and has demonstrated consistent operating performance. In addition to its current use as long-term rentals, the property lends itself well to executive or mid-term rental strategies given the location, unit layouts, and quality of finishes. Investors benefit from a prime Midtown Savannah location with close proximity to Ardsley Park, Habersham Village, the Starland District, SCAD, and Downtown Savannah. This is a core-plus multifamily investment opportunity with in-place income and additional upside potential through continued value-add and operational improvements in a high-demand rental corridor.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,971 SF

ZONING

RM25

APN/PARCEL ID

2008816020

ASK ABOUT THIS PROPERTY

Shane LittsEngel & VolkersMore Info
912-659-0464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Shane LittsEngel & VolkersMore Info
912-659-0464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.