15 W 59th ST, Savannah, GA 31405
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15 W 59th ST, Savannah, GA 31405
15 W 59th ST, Savannah, GA 31405
15 W 59th ST, Savannah, GA 31405
15 W 59th ST, Savannah, GA 31405
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Engel & Völkers North Georgia Mountains

Engel & Völkers North Georgia Mountains

+1(706) 406-5572
$ 550,000
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15 W 59th ST Savannah, GA 31405

13 Beds

7 Baths

6,116 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,116 sqft

Price per Sqft $89

MLS Listing ID SA362066

Bedrooms 13

Full Baths 7

HOA Y/N No

Year Built 1946

Lot Size 8,799 Sqft

Acres 0.202

Property Sub-Type Multi Family

Source SAV

Property Description

Value-add small multifamily opportunity in one of Savannah's most active small-apartment corridors. 15 W 59th St is a 7-unit, 6,116 SF multi-building residential compound on 0.202 acres, west of Bull Street in the Midtown belt, zoned RTF. Three separate structures on one parcel. Current unit mix includes one 3 bedroom and a range of 1 and 2 bedroom units. Four of seven units are occupied at a combined $3,050 per month, with long-tenured tenants sitting well below market, and three units are vacant and ready to lease at market rents, a straightforward, honest value-add profile. The rear building has a new roof. Older building (1946) with some deferred maintenance alongside renovated space. Building area is confirmed at 6,116 SF on the county record. Sold as-is. Full rent roll and unit mix provided to qualified buyers on request. Financing and 1031 exchange buyers welcome. Buyer to verify all information. Parcel 20093-27008.

Location

State GA

County Chatham

Zoning RTF

Direction From downtown Savannah, take Bull Street south to W 59th Street. Turn west onto W 59th Street. The property is in the first block west of Bull Street on the left, three buildings on one parcel.

Interior

Heating Electric, Space Heater

Cooling Electric, Window Unit(s)

Appliance No Hot Water, Oven, Range, Refrigerator

Exterior

Utilities Available Underground Utilities

Garage No

Building

Lot Description City Lot, Level

Water Public

Architectural Style Traditional

Level or Stories 2

New Construction No

Others

Tax ID 2009327008

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors
Listed by The Commercial Group

NEARBY SCHOOL & BUSINESS

MARKETING TRENDS
Beds
Baths
Feiler Park / Hussars Terrace / Dittmerville, Savannah, GA

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Engel & Völkers North Georgia Mountains

Engel & Völkers North Georgia Mountains

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15 W 59th ST