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  • $8,750,000

    12220 Apache Ave, Savannah, GA 31419

    192beds
    61,320sqft
    Multi Family
    Built in 2006
    -- sqft lot
    $10,019,200 Zestimate®
    $143/sqft
    $4,268 Estimated rent

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    What's special

    This four building, 72 unit apartment complex is located in a prime area on the south side. The complex is made up of 48, 2BR/1BA units and 24 4BR/4BA units. The two bedroom units are in three buildings adjacent to each other and they were built in 1990. The four bedroom units are in one building that was built in 2006. These were being used as student dorms/apartments for AASU then GSU. Since COVID the demand for on campus housing had reduced and the owner has now decided to place them up for sale. At current you must cross the GSU parking lot from Apache ave to access the complex. Dedicated ingress/egress maybe possible. There is no requirements that it has to be leased to students. Currently there are many units leased to non-students. Updated pics of the 2BR/1BA buildings coming soon.

    Zillow last checked: 7 hours ago

    Listing updated: June 29, 2023 at 06:51pm

    Listed by:

    Harold Meyers 912-313-2424,

    Mia Madison Properties

    Bought with:

    Kathleen Linzey, 367130

    Realty One Group Inclusion

    Source: Hive MLS,MLS#: 287642MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 192
    • Bathrooms: 144
    • Full bathrooms: 144
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Some Electric Appliances, Electric Water Heater, Oven, Range, Refrigerator
    • Laundry: Other
    Features
    • Ceiling Fan(s)
    • Flooring: Vinyl
    • Basement: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 61,320 sqft

    Property

    Parking
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: Other, Accessible Doors
    Features
    • Fencing: Chain Link
    Lot
    • Size: 5.70 Acres
    • Features: City Lot, Public Road
    Details
    • Additional structures: Other
    • Parcel number: 2086203047
    • Lease amount: $0
    • Zoning: RMF2-15
    • Zoning description: Multi Family
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick, Stucco
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Electric: 110 Volts, 220 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Underground Utilities

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Savannah

    HOA & financial

    HOA
    • Has HOA: No
    • Association name: Mia Madison Prop.
    • Association phone: 912-495-7454

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
    • Ownership: Investor
    • Road surface type: Asphalt
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $10,019,200
    2% more+$200K
    With Zillow Showcase(estimated)$10.2M