$532,000
$550,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
503 W 42nd ST Savannah, GA 31415
8 Beds
4 Baths
3,564 SqFt
Key Details
Sold Price $532,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,564 sqft
Price per Sqft $149
MLS Listing ID 288399
Sold Date 07/19/23
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,085
Tax Year 2022
Contingent Due Diligence
Lot Size 4,486 Sqft
Acres 0.103
Property Sub-Type Quadruplex
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!
Location
State GA
County Chatham County
Zoning BC
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Appliance Electric Water Heater
Exterior
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Others
Tax ID 2007342007
Ownership Investor
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Corcoran Austin Hill Realty
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