138 W 51st ST, Savannah, GA 31405
138 W 51st ST, Savannah, GA 31405
138 W 51st ST, Savannah, GA 31405
138 W 51st ST, Savannah, GA 31405
138 W 51st ST, Savannah, GA 31405
138 W 51st ST, Savannah, GA 31405
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$ 935,000
Est. payment | /mo

6 Beds

4 Baths

4,000 SqFt


$ 935,000
Est. payment | /mo

6 Beds

4 Baths

4,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $233

MLS Listing ID SA352315

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1950

Lot Size 6,316 Sqft

Acres 0.145

Property Sub-Type Quadruplex

Source SAV

Property Description

Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features two 2BD/1BA units and two 1BD/1BA units with long-term tenants already in place, providing immediate cash flow from day one and current rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area.

Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co.

The property is also in close proximity to Savannah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Cafe - further enhancing the area's appeal and long-term rental demand.

Adding to the property's appeal, the property is zoned C-3, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4.25% interest rate, subject to lender approval and qualification.

Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas. An exciting park expansion is also planned for 2027.

Assumable VA Loan with 4.25% Interest Rate Available & C-3 Zoning Offers Future Development Potential

Location

State GA

County Chatham

Zoning RM25

Direction Montgomery Street at West 51st directly across from SCAD Montgomery Hall. Park in front on 51st Street.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Hardwood, Other, Tile

Appliance Dishwasher, Electric Water Heater, Oven, Range, Refrigerator

Laundry In Hall

Exterior

Parking Features Off Street, Parking Lot

Utilities Available Cable Available

View Panoramic

Roof Type Asphalt

Building

Lot Description Alley, Corner Lot

Water Public

Architectural Style Colonial

Level or Stories 2

Others

Tax ID 2-0088-17-025

Acceptable Financing Cash, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/sav/SA352315

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Seaport Real Estate Group

Schools and Properties Nearby

Stephen L. Skakandy

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138 W 51st ST