Estimated Monthly Payment: $4,084/mo Log in to view address MLS# 204590 Multifamily Listing Status: Active
12
12
4,281 sqft
21
6
0
0

REMARKS:

This 4,300 sq ft Victorian consists of twelve studio apartments. Current annual rent roll is $94,000. Monthly rents range from $600 for an unrenovated unit to $850 for a renovated unit. Each studio has its own bathroom and kitchenette. Utilities are included in the rents. The occupancy rate exceeds 95% annually. Property is conveniently located on the north edge of the Thomas Street Car neighborhood at the corner of Abercorn St and 31st St, right on the Abercorn St main bus line. A short walk to Forsyth Park, Starland District and the Bull Street retail corridor. Great property for new owner looking to continue the renovation plan and increase the annual rent roll to $120,000 with long term leases or furnish the units and create an extended stay to increase income even more. Don’t Miss your chance to get a great property.

OVERVIEW:

Multifamily
Active
Multi Building
Cumming Ward
Victorian
1900
4281
0.14
5924
Off Ground
Siding, Wood
Asphalt
Street Parking
Central
Electric
Central
Public Water
Public Sewer
44X134
Corner

FEATURES:

Range/Oven, Refrigerator
Non-Working
Hardwood

ROOM INFO:

12
12
Crawl Space

FINANCIAL:

$800,000
$5,231

NEIGHBORHOOD & SCHOOL INFORMATION:

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The broker providing these data believes them to be correct, but advised interested parties to confirm them before relying on them in a purchase decision.

 

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

 

Copyright 2019 Savannah Multi-List Corporation. All rights reserved

 

This data up-to-date as of 04/24/2019. For the most current information, contact Keller Williams Savannah (912.356.5001, sales@heathermurphygroup.com)

 

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©2019 Savannah Multi-List Corporation. All rights reserved.