$970,000 506 E Anderson Street Savannah, GA

MLS: 307764   Type: Multi-Family   County: Chatham   City: Savannah   Neighborhood: Historic Downtown Savannah   Zip: 31401   Style: Duplex     Stories: 2

Mortgage $4,554 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

6

3

0

2,960

3,049

1900

Attention Investors: An exceptional opportunity awaits at 506 East Anderson in the heart of Savannah, GA. This duplex combines modern amenities with historic charm, creating a turn-key, income-producing asset with undeniable appeal. Boasting 6 bedrooms, 3 bathrooms, and recent renovations, each unit features beautiful hardwood floors and is designed to maximize comfort and style. With two transferable STVR certificates and a 10.8% CAP rate, this property is a proven AirBnB favorite, offering immediate positive cash flow and a track record of high occupancy. The duplex comes complete with two parking spaces and is situated in an excellent location close to Historic Downtown Savannah, ensuring a continuous draw for short-term vacation renters. Seize the chance to own a piece of Savannah's history while enjoying the financial benefits of a well-established rental property. Don't miss out on this rare investment in one of the city's most desirable neighborhoods.

Elementary School

Middle School

High School

Schuman
Distance: N/A Miles
Hubert
Distance: 0.56 Miles
Liberal Studies
Distance: 2.08 Miles

Price History

3/18/2024 Listed $970,000

Additional Parcels Y/N N
Appliances Dishwasher, ElectricWaterHeater, Microwave, Oven, Range, Dryer, Refrigerator, Washer
Architectural Style Victorian
Attached Garage N
Carport Y/N N
City Savannah
Construction Materials Brick, Frame, Masonite, WoodSiding
Cooling CentralAir, Electric
County Chatham County
Directions On Anderson St between Price and East Broad
Disclosures LicensedVacationRental
Elementary School Schuman
Expected Active Date 2024-03-18
Exterior Features Balcony, Porch
Garage Y/N N
HOA / Comm Assn N
Heating Central, Electric
High School Liberal Studies
Home Warranty Y/N N
Interior Features CeilingFans
Land Lease Y/N N
Lease Considered Y/N N
Lease Renewal Y/N N
Legal Description LOT LETTER R SECTION 10 WARING W ARD
Listing Terms ARM, Cash, Conventional, Item1031Exchange, PrivateFinancingAvailable, VALoan
Lot Size Square Feet 3049.0
Middle/Junior High School Hubert
Mobilehomeremainsyn N
Modificationtimestamp 2024-03-19T16:18:51.947-00:00
New Construction N
Occupancy Description Tenant
Patio/Porch Features Balcony, FrontPorch, Porch
Percent Ownership Homeowner/Owner
Postalcity Savannah
Private Pool N
Property Attached Y/N N
Property Sub Type Additional Duplex
Property SubType Duplex
Property Type ResidentialIncome
Rent Control Y/N N
Roof Asphalt, Metal
Senior Community Y/N N
Sewer PublicSewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Anderson
Subdivision Name Historic Downtown Savannah
Total Units 0
Utilities CableAvailable, UndergroundUtilities
View Y/N N
Waterfront Y/N N
Year Built 1900
Zoning 1-R
Zoning Description Mixed use, Multi Family, Single Family

Interior Features

Air Conditioning Y/N Y
Basement (Y/N) N
Electric On Property Y/N N
Fireplace Y/N N
Flooring Hardwood, Tile
Full Baths 3
Furnished Y/N Furnished
Half Baths 0
Heating Y/N Y
Laundry Features WasherHookup, DryerHookup, InHall
Livingareasource Owner
Street Suffix Street
Total Baths 3
Total Bedrooms 6
Total Stories 2

Exterior Features

Crops Included Y/N N
Foundation Details BrickMortar, Raised, Slab
Horse Y/N N
Inclusions Ceiling Fans, Dryer, Refrigerator, Washer
Irrigation Water Rights Y/N N
Lot Features Alley, CityLot, PublicRoad
Lot Size Acres 0.07
Lot Size Area 0.07
Lot Size Units Acres
Number of Pads 2
Open Parking Y/N N
Parking Features Garage, OffStreet, RearSideOffStreet, OnStreet
Road Surface Type Paved
Spa N
Water Source Public

Property Schools



Direct Link:

https://www.savannahrealestatecompany.com/property/52-307764-506-e-anderson-street-savannah-GA-31401

Gallery (29 photos)

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Property vs Zip Code Avg (31401)

Price 970K Avg 1.32M

Sqr Feet 2,960 Avg 3,613

Cost / Sqr Ft $328 Avg $366

Acres 0.07 Avg 0.1

Visits 15 Avg 47

Days on Site 31 Avg 65

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Listed By: Brand Name Real Estate, Inc




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Location & Address

SavannahRealEstate.com
331 Tattnall St
Savannah , GA
912-662-8242
(912) 335-5851