Gaby Riffle-Gonzalez

Broker

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$ 2,300,000

$ 2,500,000 8.0%

Est. payment | -/mo

32 Beds

16 Baths

15,600 SqFt

$ 2,300,000

$ 2,500,000 8.0%

Est. payment | -/mo

32 Beds

16 Baths

15,600 SqFt

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,600 sqft

Price per Sqft $147

MLS Listing ID SA342091

Sold Date 04/28/26

Bedrooms 32

Full Baths 16

HOA Y/N No

Year Built 1977

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Multi Family

Source SAV

Property Description

Prime Multi-Family Investment - 16 Units in Richmond Hill, GA . This rare offering includes two well-maintained 8-unit buildings for a total of 16 income-producing units, ideally suited for commercial investors or 1031 exchange buyers seeking reliable cash flow and long-term appreciation. Each unit features a 2 bedroom, 1 bath floor plan with a spacious living area and fully equipped dine-in kitchen, appealing to a broad tenant base. The property offers dedicated tenant parking and separate HVAC systems for each unit, helping reduce owner operating expenses and streamline management. Strategically located near major employers, two military bases, top rated schools, retail, dining, and primary transportation corridors, this asset benefits from consistent tenant demand and strong historical occupancy. The Richmond Hill market continues to demonstrate above-average rental stability and growth potential within coastal Georgia. The sale includes 115 Ivey Street (PIN 0532 148), providing scale and operational efficiency in a single acquisition. This investment delivers immediate income, stable returns, and long-term appreciation potential in one of the region's most sought-after submarkets

Location

State GA

County Bryan

Direction From Ford Avenue, turn right onto Ivey Street and the buildings will be on your left.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Vinyl

Appliance Dishwasher, Electric Water Heater, Oven, Range, Refrigerator

Exterior

Exterior Feature Other

View Panoramic

Building

Water Public

Level or Stories 2

Structure Type Other

Others

Tax ID 0532 148

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors

Listed by Keller Williams Coastal Area P
Bought with NON MLS MEMBER

Schools and Properties Nearby

97 & 115 Ivey ST Richmond Hill, GA 31324