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MLS® ID: 204590

201 E 31st Street

Savannah, Georgia, 31401

$800,000 Active
  • 12 Beds
  • 12 Baths
  • 4281 SQFT
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.
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Listing courtesy of Keller Williams Coastal Area Partners

Amenities

  • Full baths
    12
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    12
  • Zip
    31401
  • Office name
    Keller Williams Coastal Area Partners
  • Subdivision
    Cumming Ward
  • SQFT
    4281
  • Bedrooms
    12
  • Property type
    Multi-Family
  • Zoning type
    RIP
  • Year built
    1900
  • Agent name
    David Mesaros
  • Tax amount
    $ 5231.0
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    4000-5000 sq ft.
  • Bedrooms Range
    12 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    850
  • Agent ID
    MESARODA

Location

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