Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features three 2BD/1BA units along with one 1BD/1BA unit with long-term tenants already in place, providing immediate cash flow from day one and current… Read More rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area. Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co. The property is also in close proximity to Savannah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Café serves students, faculty, and residents alike, further enhancing the area's appeal and long-term rental demand. Adding to the property's appeal, the property is zoned C-3, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4% interest rate, subject to lender approval and qualification. Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas. An exciting park expansion is also planned for 2027. Assumable VA Loan with 4% Interest Rate Available & C-3 Zoning Offers Future Development Potential Read Less
Courtesy of Victoria Williams Adcock, Seaport Real Estate Group
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Beds
6
Full Baths
4
Square Ft.
4,000
Lot Size
0.14 Acres
Year Built
1950
MLS Number
SA352315
30 Days Snapshot Of 31405
$405k
-20%
(avg) sold price
2
-94%
homes sold
18
-76%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Dishwasher", "Electric Water Heater", "Oven", "Range", "Refrigerator"
Building
Built in 1950, Architectural style: "Colonial", Common walls: "No Common Walls", Construction materials: "Brick", "Stucco", Living area units: Square Feet, 2 buildings, 2 total stories
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Seaport Real Estate Group shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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