Description
This is a unique opportunity to purchase a fully stabilized multifamily property in the heart of Savannah's Victorian/Historic district. This district is the prime location to be and is located within minutes of everything downtown Savannah has to offer. Tax freeze in place until 2025! This property has been historically & accurately renovated and maintains its original charm and unique features. It has undergone a management value-add over the past year:rents were stabilized to market with well-qualified 12+ month tenants, with room left for rental growth. Expenses were kept minimal, and deferred maintenance was performed. The owners are ready to pass along this asset to the eager buyer seeking cash flow and appreciation over the years as the Victorian and Historic district continues to thrive as Savannah's most sought after area. Offered at a 6.7% going-in cap rate and growth available at each renewal year. Financials and Pro Forma are available upon request, proof of funds required.
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12BEDS
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0.05ACRES
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8BATHS
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01/2 BATHS
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3,504SQFT
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$599$/SQFT
School Ratings & Info
Description
This is a unique opportunity to purchase a fully stabilized multifamily property in the heart of Savannah's Victorian/Historic district. This district is the prime location to be and is located within minutes of everything downtown Savannah has to offer. Tax freeze in place until 2025! This property has been historically & accurately renovated and maintains its original charm and unique features. It has undergone a management value-add over the past year:rents were stabilized to market with well-qualified 12+ month tenants, with room left for rental growth. Expenses were kept minimal, and deferred maintenance was performed. The owners are ready to pass along this asset to the eager buyer seeking cash flow and appreciation over the years as the Victorian and Historic district continues to thrive as Savannah's most sought after area. Offered at a 6.7% going-in cap rate and growth available at each renewal year. Financials and Pro Forma are available upon request, proof of funds required.
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