923 E Park Ave - Multi-Family FOR SALE


Savannah, GA 31401- Eastside
$1,400,000 USD
923 E Park Ave, Savannah, GA for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/48
null | Request Cap Rate

923 E Park Ave
Savannah, GA 31401
Eastside


OVERVIEW

Incredible investment opportunity in Savannah’s Eastern Victorian District surrounded by stately historic homes. Architecturally impressive corner lot property featuring TWO historic apartment buildings plus a detached brick storage building. Each building contains two apartments for a total of four residences including three 3 bedroom 1 bath units and one 2 bedroom 1 bath unit. Meticulously maintained and thoughtfully improved over time. Solid brick and stucco construction with beautiful historic character throughout including original heart pine floors, decorative fireplaces, original doors and moldings, and clawfoot tubs. Each apartment includes a spacious private storage unit. Large light filled apartments are bright airy and well equipped with appliances and modern conveniences. Freshly painted inside and out with updated lighting ceiling fans and window blinds. Each unit features private front and rear porches. All units separately metered for electric and water. Shady, secure landscaped backyard oasis and off street parking for each apartment. Strong rent roll with long term tenants in place producing over $100,000 annually. Located exactly one mile from Forsyth Park within walking distance to the new Laundry Diner with convenient access to Downtown Savannah and the Victory Drive shopping district.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

923 E Park Avenue

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

2004218001

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Jessica KellyEngel & VolkersMore Info

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Jessica KellyEngel & VolkersMore Info

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