Savannah, GA 31415,503 W 42nd ST
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Savannah, GA 31415,503 W 42nd ST
Savannah, GA 31415,503 W 42nd ST
Savannah, GA 31415,503 W 42nd ST
Savannah, GA 31415,503 W 42nd ST

$532,000

Est. payment /mo

$550,000

3.3%
Est.Price: ?

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503 W 42nd ST Savannah, GA 31415

8 Beds

4 Baths

3,564 SqFt

SOLD DATE : 07/19/2023

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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Listed by Eighteen O'Two Realty LLC
Bought with Corcoran Austin Hill Realty
agent

Sheena Norris

Advisor | License ID: 407989

+1(770) 630-4426

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