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503 W 42nd Street

Savannah, GA 31415
  • $550,000
  • STATUS: Pending
  • ON SITE: 10 Days
  • MLS #: 288399
Pending
UPDATED: 60 min ago
$550,000
  • 8
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,564
    SQFT
  • $154
    $/SQFT
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

It's not often that a turnkey quadplex comes on the market in the mid six-figure price point! Unlike most multifamily inventory nearby, this asset is made out of concrete masonry on slab - no rotting wood and termites to add to your CAPEX budget. Each unit is 2 beds one bath and has newer HVAC and in unit laundry hookups. The owner has decided to list with 3 of 4 units vacant for a swift increase to market rent for the new owner - similar units in the quad across the street are renting for 1200+ per unit. These units are a stones throw from the Savannah College of Art and Design's latest development projects, a two minute walk from Starland Yard, ten minutes from Forsyth Park, and also borders one of Savannah's tax-advantaged "enterprise zones", which is a program that has catalyzed an incredible amount of new development along the MLK-Montgomery avenues corridor over the past few years. Ask your agent for our pro-formas and scedule your at-will showing of a vacant unit today!

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© 2023 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sheila Doney Team | RE/MAX Accent. Real estate listings held by brokerage firms other than The Sheila Doney Team | RE/MAX Accent are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-05-30T09:07:45.76.

www.sheiladoney.com/homes/139745427
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503 W 42nd Street Savannah, GA 31415

  • Price: $550,000
  • Status: Pending
  • On Site: 10 Days
  • Updated: 60 min ago
  • MLS #: 288399
8
Beds
4
Baths
0
½ Baths
0.1
Acres
3,564
SQFT
$154
$/SQFT
1950
Built
County:
Chatham
Area:
Savannah
Property Description
It's not often that a turnkey quadplex comes on the market in the mid six-figure price point! Unlike most multifamily inventory nearby, this asset is made out of concrete masonry on slab - no rotting wood and termites to add to your CAPEX budget. Each unit is 2 beds one bath and has newer HVAC and in unit laundry hookups. The owner has decided to list with 3 of 4 units vacant for a swift increase to market rent for the new owner - similar units in the quad across the street are renting for 1200+ per unit. These units are a stones throw from the Savannah College of Art and Design's latest development projects, a two minute walk from Starland Yard, ten minutes from Forsyth Park, and also borders one of Savannah's tax-advantaged "enterprise zones", which is a program that has catalyzed an incredible amount of new development along the MLK-Montgomery avenues corridor over the past few years. Ask your agent for our pro-formas and scedule your at-will showing of a vacant unit today!
Exterior Features

Construction Materials Brick Garage YN No

Interior Features

Appliances Electricwaterheater Common Walls Nocommonwalls Cooling CentralairElectric Cooling YN Yes Heating CentralElectric Heating YN Yes

Property Features

Association YN No Listing Agreement Exclusiverighttosell Listing Terms CashConventionalItem1031exchangeFhaValoan Property Attached YN Yes Property Sub Type Quadruplex Sewer Publicsewer Special Listing Conditions Standard Tax Annual Amount 4085 Tax Year 2022 Water Source Public Waterfront YN No

Listing courtesy of Markens Pierre of Eighteen O'two Realty Llc: 912-330-2998. © 2023 Savannah Multi-List Corporation. All rights reserved.


© 2023 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sheila Doney Team | RE/MAX Accent. Real estate listings held by brokerage firms other than The Sheila Doney Team | RE/MAX Accent are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-05-30T09:07:45.76.

 
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