Recent acquisition of a 112 unit value-add multifamily building.

[Chris R.]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Savannah.

Purchase price: $3,875,000
Cash invested: $2,130,000

The Tristan Townhomes consist of 112 two-bedroom, one-bathroom, two-story, townhome-style units. There are 28 buildings, each with 4 units, and one duplex building designed as an onsite property management and maintenance building at the entrance of the property. Tristan was built in 1983 and is a one-owner property. The current owner is in her 80’s and is ready to retire after self-managing this property for over 30 years. Rents are currently $550 per unit.