4509-4511 Old Louisville Rd - Apartments FOR SALE


Garden City, GA 31408- Outer Westside/Port Wentworth
$3,150,000 USD
843-952-2295
4509-4511 Old Louisville Rd, Garden City, GA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/7
null | 5.98% Cap Rate

4509-4511 Old Louisville Rd
Garden City, GA 31408
Outer Westside/Port Wentworth


HIGHLIGHTS

  • $30,000 Per Unit in Renovations During 2025 – Includes All-New HVAC Systems, Roofing, and Water Heaters
  • Stabilized Asset in a High Demand Market
  • Value-Add Opportunity to Build 8 Additional Units
  • Limited New Multifamily Supply Supports Rent Growth and Occupancy

OVERVIEW

Marcus & Millichap is pleased to present Orchard Hill, an 18-unit multifamily investment opportunity located in Savannah, Georgia, offering a compelling value add profile in one of the Southeast’s most resilient and high-growth coastal markets. The property has benefited from approximately $30,000 per unit in interior renovations completed during 2025 including all new HVACs, roofing, and water heaters. Improving unit quality and tenant appeal, while creating opportunity for continued rent growth through alignment with comparable renovated assets in the submarket. Orchard Hill offers a rare opportunity to construct up to eight additional units on the existing site, allowing investors to increase unit density, substantially increase equity, and enhance long-term returns. Savannah’s multifamily fundamentals remain strong, driven by expansion at the Port of Savannah, steady population growth, and limited new multifamily supply. This combination of completed renovations, future development potential, and favorable market dynamics positions Orchard Hill as an attractive opportunity for investors seeking both long-term cash flow and amplified equity appreciation.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

18

PRICE/UNIT

$175,000

CAP RATE

5.98%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orchard Hill

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

R2

APN/PARCEL ID

6088204068

ASK ABOUT THIS PROPERTY

Price BrazzelMarcus & MillichapMore Info
843-952-2295

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Price BrazzelMarcus & MillichapMore Info
843-952-2295

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