$850,000 201 E 31st Street Savannah, GA

MLS: 235861   Type: Multi-Family   County: Chatham   City: Savannah   Area: Victorian District   Neighborhood: Victorian District   Zip: 31401   Style: Victorian     Stories: 2   Taxes: $5,231

Mortgage $3,991 /mo



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This 4,300 sq ft Victorian consists of twelve studio apartments. Current annual rent roll is $103,200. Monthly rents range from $600 for an unrenovated unit to $900 for a renovated unit. Each studio has its own bathroom and kitchenette. Utilities are included in the rents. The occupancy rate exceeds 95% annually. Property is conveniently located on the north edge of the Thomas Street Car neighborhood at the corner of Abercorn St and 31st St, right on the Abercorn St main bus line. A short walk to Forsyth Park, Starland District and the Bull Street retail corridor. Great property for new owner looking to continue the renovation plan and increase the annual rent roll to $120,000 with long term leases or furnish the units and create an extended stay to increase income even more. Don't Miss your chance to get a great property.

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Price History

10/10/2020 Listed $850,000

Accessibility None
Appliances Electric Water Heater, Oven, Range, Refrigerator
Architectural Style Victorian
Association Y/N No
Carport Spaces 0
Carport Y/N No
Construction Materials Wood Siding
Cooling Central Air, Electric
Exterior Features Courtyard
Flooring Hardwood
Garage Spaces 0
Garage Y/N No
Heating Central, Electric
Interior Features Pull Down Attic Stairs
Parking Features On Street
Property Attached Y/N No
Property SubType Multi Family
Property Type Residential Income
Roof Asphalt
Sewer Public Sewer
Subdivision Name Victorian District
Terms Cash, Conventional, 1031 Exchange
Total Units 1
Utilities Cable Available
Zoning RIP
Zoning Description Multi Family

Interior Features

Air Conditioning Y/N Yes
Basement Crawl Space
Fireplace Features Decorative
Fireplace Y/N Yes
Full Baths 12
Half Baths 0
Heating Y/N Yes
Living Area 4281
Total Baths 12
Total Bedrooms 12

Exterior Features

Fencing Privacy, Yard Fenced
Foundation Details Raised
Horse Y/N No
Lot Dimensions 44X134
Lot Features Alley, Corner Lot
Lot Size Acres 0.14
Lot Size Area 0.14
Lot Size Square Feet 5924
Lot Size Units Acres
Number of Buildings 1
Number of Pads 2
Roadresponsibility Public Maintained Road
Waterfront Y/N No

Property Schools

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Property vs Zip Code Avg (31401)

Price 850K Avg 1.18M

Sqr Feet 4,281 Avg 4,368

Cost / Sqr Ft $199 Avg $272

Taxes $5,231 Avg $6,038

Acres 0.14 Avg 0.08

Visits 14 Avg 46

Days on Site 11 Avg 147

Walkscore® 90 Avg 86

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Keller Williams Realty Coastal Area Partners,LLC

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Location & Address

331 Tattnall St
Savannah , GA
(912) 335-5851