6 W 51st St - Apartments FOR SALE


Savannah, GA 31405- Bingville
$1,200,000 USD
803-237-0342
6 W 51st St, Savannah, GA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/51
null | 7.92% Cap Rate

6 W 51st St
Savannah, GA 31405
Bingville


OVERVIEW

In 2023, a comprehensive renovation transformed this property into an upscale quadplex, offering fully furnished executive and mid-term apartments ready for the next investor to acquire this turnkey asset. All four units are currently leased, generating over $100,000 annually in rental income for the building. This 1950s brick quadplex has been meticulously updated to blend timeless charm with modern amenities. It features designer light fixtures, new kitchen cabinets with soft-close drawers and under-lighting, granite countertops, and new stainless-steel appliances, including dishwashers. Each unit is equipped with a private washer/dryer in the closet, original hardwood floors, and spacious one-bedroom layouts with a dining area. Situated in one of Savannah's most sought-after neighborhoods, the property is conveniently located near SCAD buildings and dorms, Starland, restaurants, and a short drive to downtown Savannah. Don't miss out on this exceptional real estate opportunity!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

7.92%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM25

APN/PARCEL ID

2008816019

ASK ABOUT THIS PROPERTY

Patrick BergenSalt Marsh Realty LLCMore Info
803-237-0342

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Patrick BergenSalt Marsh Realty LLCMore Info
803-237-0342

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