Viera at Whitemarsh

A 208-unit apartment community located on Whitemarsh Island in Savannah, GA.  This is a top-notch location, highly sought after for its convenience to both downtown and Tybee Island, one of the highest rated beaches in the US.

Property:

Viera at Whitemarsh consists of 1 to 3 bedroom apartments ranging in size from 700 to 1100 sq.ft. It features beautiful amenities including a sparkling pool, fitness center, BBQ/Picnic Area, Bike Racks, Business Center and tennis courts.

Strategy:

We love this property because it is cash flowing on day one! Our business plan includes remodeling all the units, installing an amazing landscape package, improving all the amenties, converting the tennis courts to pickle ball courts, painting and siding repairs as well as replacing some HVACs and roofs. This property is already very impressive and our intention is to take to the next level.

Highlights:

• Rents have potential to increase from $1476 to $1882 in current market conditions.
• Only a mile away from grocery stores, schools, and several restaurants.
• Fifteen minutes from the historic Savannah Riverwalk – one of the Georgia’s most visited tourist attractions.
• Located 40 minutes from Hyundai’s $5.5B Electric Vehicle (EV) plant expected to open in JAN 2025 and result in an additional 3,000 jobs