540 E Taylor St - Apartments FOR SALE


Savannah, GA 31401
$1,870,000 USD
912-398-0932
540 E Taylor St, Savannah, GA for Sale
$1,870,000 USD
Apartments - FOR SALE
1/7
null | 5.44% Cap Rate

540 E Taylor St
Savannah, GA 31401


HIGHLIGHTS

  • Short Term Vacation Rental Units
  • Strong Rental History
  • Historic Building in Downtown Savannah

OVERVIEW

Rare opportunity for 4 non-owner occupied short-term vacation rental units in heart of the Landmark Historic District. This property boast Net Operating Income (NOI) of $100,000/year. "Downstairs"currently owner occupied & utilized as a 2 bed/ 2 bath suite w/ private access to deck & courtyard; its potential income was factored into NOI. Two auxiliary units, each with full kitchens located upstairs & include 2 beds/ 2 baths on the second level and a cozy studio on 3rd floor. An entirely separate cottage/ carriage house can be accessed from the lane and offers kitchen, living room and two beds & baths. Tandem parking off lane accommodates 2 cars. This well maintained home boasts strong rental history, good reviews and future income. It's sold turn key with exception of owner's suite and items in courtyard. Steps from Forsyth Park, restaurants & shopping,

FOR SALE DETAILS

PRICE

$1,870,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

4

PRICE/UNIT

$467,500

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Taylor Loft

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

D-R

APN/PARCEL ID

2003301023

ASK ABOUT THIS PROPERTY

Graham SadlerBerkshire Hathaway HomeServices Bay Street RealtyMore Info
912-398-0932

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Graham SadlerBerkshire Hathaway HomeServices Bay Street RealtyMore Info
912-398-0932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.