138 W 51st St, Savannah, GA 31405

Beds
6
Baths
4
Sqft
4,000
Pool
Yes

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Listed bySeaport Real Estate Group
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Overview

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 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 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 4.25% 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 & C-3 Zoning Offers Future Development Potential

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
4
Square feet
4,000
Lot size (acres)
0.14
Year built
1950

Exterior features

Pool
Yes

Utilities

Heating
Central, Electric
Cooling
Central Air, Electric
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2018)
$3,082

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: HIVE MLS (NC & GA) Includes Albemarle Area Assoc., Brunswick County Assoc., Cape Fear MLS, Crystal Coast MLS, Coastal Plains Assoc., Goldsboro Wayne County Assoc., Jacksonville Board, Johnston County Assoc., Neuse River Region Assoc., Mid Carolina Regional MLS, ORANGE CHATHAM Assoc., Rocky Mount Area Assoc., Topsail Island Assoc., Washington Beaufort County Board, Wilson Board, Savannah Multi-List Corp., Athens Area Assoc., Classic MLS and REALTORS® of Greater Augusta MLS®#: SA352315 Last checked:

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