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Closed 7-7-21

Property Highlights:

Year Built / Renovated: 1969 / N/A
Number of Units: 108 Units
Average Square Feet: 652 SF
Total Square Feet: 70,460 SF

Site Details

Site Size / Density: 5.4 Acres; 19.9 Units per Acre Parking: Ample

Unit Features

  • Leasing Office
  • Laundry Center
  • Mail Kiosk

Community Amenities

  • Fully-equipped Kitchen
  • Frost-free Refrigerator
  • Patio
  • Washer/Dryer Connections*
  • Faux Wood Vinyl Flooring
  • Six-panel Interior Doors
  • Ceiling Fan(s)*
  • Window Blinds
  • (*In Select Units)

Investment Highlights:

  • Edgewater Apartments, which was built in 1969 & 1974, offers good architecture with low-maintenance brick exteriors.
  • As current rents are significantly below those of nearby competitors, increased income is available by organically raising rents for new leases.
  • Opportunity to continue interior value-add with additional rent premiums.
  • The asset is conveniently located close to major employers such as Hunter Army Airfield, Savannah Technical College, Candler Hospital, and Memorial University Hospital.
  • The subject also is near Savannah State University, Savannah College of Art and Design, and South University.
  • Within a five-mile radius, the median housing value is $195,500.

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

Contact Information

Steve Mack

Managing Director - Multifamily Sales and Lending

Bo Brown

President and CEO