Description
Exceptional income-producing duplex two blocks from Forsyth Park in the heart of Savannah's Victorian Historic District. Live in one unit while your tenant pays your mortgage or add a turnkey investment property to your portfolio with immediate rental income and strong value-add upside. Step onto the classic Southern front porch, with its inviting rocking chairs, you'll instantly appreciate the historic charm. Inside, the foyer showcases beautiful original woodwork, to set the tone. The first-floor unit features original hardwood floors, a decorative fireplace, 2-bedrooms, 1-bath, and a generously sized kitchen. Upstairs, the 2nd unit offers another spacious kitchen, 2-bdrms, 1-bath, another decorative fireplace, a comfortable living room, & access to a wonderful deck with a sturdy stairway leading to the private backyard & off-street parking. A versatile 3rd-floor bonus room-potential for an extra bedroom, office, or studio. Its highly walkable location places you near shopping, schools, & a few blocks from Forsyth Park. Current rental income: $1,950/month (upstairs). Downstairs unit vacant: immediate owner occupancy or rental opportunity. Estimated market rent downstairs: $2,000-$2,200/month. Projected stabilized gross income: $47,400-$49,800 annually. 1031 exchange welcomed. Motivated seller.
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01/2 BATHS
School Information
Description
Exceptional income-producing duplex two blocks from Forsyth Park in the heart of Savannah's Victorian Historic District. Live in one unit while your tenant pays your mortgage or add a turnkey investment property to your portfolio with immediate rental income and strong value-add upside. Step onto the classic Southern front porch, with its inviting rocking chairs, you'll instantly appreciate the historic charm. Inside, the foyer showcases beautiful original woodwork, to set the tone. The first-floor unit features original hardwood floors, a decorative fireplace, 2-bedrooms, 1-bath, and a generously sized kitchen. Upstairs, the 2nd unit offers another spacious kitchen, 2-bdrms, 1-bath, another decorative fireplace, a comfortable living room, & access to a wonderful deck with a sturdy stairway leading to the private backyard & off-street parking. A versatile 3rd-floor bonus room-potential for an extra bedroom, office, or studio. Its highly walkable location places you near shopping, schools, & a few blocks from Forsyth Park. Current rental income: $1,950/month (upstairs). Downstairs unit vacant: immediate owner occupancy or rental opportunity. Estimated market rent downstairs: $2,000-$2,200/month. Projected stabilized gross income: $47,400-$49,800 annually. 1031 exchange welcomed. Motivated seller.
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