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 two 2BD/1BA units and two 1BD/1BA units with long-term tenants already in place, providing immediate cash flow from day one and current rental… Read More 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 Cafe - further enhancing the area's appeal and long-term rental demand. Adding to the property's appeal, the property is zoned RTF, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4.25% 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. *Offering 1% ($9,350) Lender Credit Closing Costs with Use of Preferred Lender* Assumable VA Loan with 4.25% Interest Rate Available & Zoning Offers Future Development Potential Read Less
Courtesy of Victoria Williams Adcock, Seaport Real Estate Group
Listing Snapshot
Days Online
97
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
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
Community
Shopping, Sidewalks, Walk to School
Cooling
Central Air, Electric
Floors
Hardwood, Other, Tile
Heating
Central, Electric
Laundry
In Hall
Lot
0.145 acres, 6,316 sqft, Alley, Corner Lot
Parking
Off Street, Parking Lot
Property
Zoning: RM25, Panoramic
Roof
Asphalt
Taxes
Year: 2018
Tenant Pays
Electricity, Sewer, Trash Collection, Water
Utilities
Cable Available
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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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