Skip To Content
    Return to Previous Page

    602 Lincoln Street

    Savannah, GA 31401
    • $775,000
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • MLS #: 239758
    Under Contract
    UPDATED: 32 min ago
    $775,000
    • 3
      BEDS
    • 0.03
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 2,661
      SQFT
    • $291
      $/SQFT
    Type:
    Multi-Family
    Built:
    1984
    County:
    Chatham
    Area:
    Savannah

    School Ratings & Info

    Visit GreatSchools.org

    Description

    Great opportunity to buy a highly profitable income producing STVR duplex, minutes away from Forsyth park in Downtown Savannah. This home is currently leased with an existing STVR license in place. The top apartment is 2 bed, 2.5 bath with front and rear terrace, juliette balcony, living room, eat in kitchen and study. Downstairs is a 1 bed, 1 bath with open plan kitchen lounge and dining area. Property comes with 2 off street parking spaces and owners will sell fully furnished. The property is currently tenanted with one lease in place until May 2021 and the other lease open to discussion regarding an early termination if required for sale. When operated as an STVR in 2018 and 2019, the property achieved income levels of $99,220 and $100,426 in 2018 and 2019 making this a superb investment property at a pro forma 9.9% Cap Rate

    Monthly Payment Calculator

    © 2021 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 Arlow Real Estate Group - Keller Williams Realty - Coastal Area Partners. Real estate listings held by brokerage firms other than The Arlow Real Estate Group - Keller Williams Realty - Coastal Area Partners 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: 2021-01-27T23:07:38.03.
    www.savannahhomesnow.com/homes/112839251
    Print Image

    602 Lincoln Street Savannah, GA 31401

    • Price: $775,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • MLS #: 239758
    3
    Beds
    3
    Baths
    1
    ½ Baths
    0.03
    Acres
    2,661
    SQFT
    $291
    $/SQFT
    1984
    Built
    County:
    Chatham
    Area:
    Savannah
    Property Description
    Great opportunity to buy a highly profitable income producing STVR duplex, minutes away from Forsyth park in Downtown Savannah. This home is currently leased with an existing STVR license in place. The top apartment is 2 bed, 2.5 bath with front and rear terrace, juliette balcony, living room, eat in kitchen and study. Downstairs is a 1 bed, 1 bath with open plan kitchen lounge and dining area. Property comes with 2 off street parking spaces and owners will sell fully furnished. The property is currently tenanted with one lease in place until May 2021 and the other lease open to discussion regarding an early termination if required for sale. When operated as an STVR in 2018 and 2019, the property achieved income levels of $99,220 and $100,426 in 2018 and 2019 making this a superb investment property at a pro forma 9.9% Cap Rate
    Exterior Features

    Architectural Style Contemporary Exterior Features BalconyDeckPorchPatio Foundation Details Concrete Perimeter Garage YN No Parking Features Off StreetParking Lot Patio And Porch Features BalconyDeckPatioPorch Road Surface Type Asphalt

    Interior Features

    Accessibility Features None Appliances DryerDishwasherElectric Water HeaterMicrowaveRefrigeratorWasher Common Walls 1 Common Wall Cooling Central AirElectric Cooling YN Yes Fireplace Features Decorative Fireplace YN Yes Flooring Wood Green Energy Efficient Windows Heating CentralElectric Heating YN Yes Interior Features Ceiling Fan(S)Programmable Thermostat Laundry Features Laundry Room Window Features Double Pane Windows

    Property Features

    Association Fee 51 Association Fee Frequency Annually Association YN Yes Horse YN No Inclusions Alarm-Smoke/FireCeiling FansRefrigeratorWasher Listing Agreement Exclusive Right To Sell Listing Terms Cash1031 ExchangeVa Loan Lot Features Corner Lot New Construction YN No Number Of Pads 2 Number Of Units In Community 2 Property Attached YN Yes Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Stories Total 3 Tax Annual Amount 3503 Tax Year 2018 Tenant Pays Cable TvElectricityGasTrash CollectionTelephoneWater Utilities Underground Utilities Water Source Public Waterfront YN No

    Listing courtesy of David Gaule of Judge Realty, Llc. © 2021 Savannah Multi-List Corporation. All rights reserved.
    © 2021 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 Arlow Real Estate Group - Keller Williams Realty - Coastal Area Partners. Real estate listings held by brokerage firms other than The Arlow Real Estate Group - Keller Williams Realty - Coastal Area Partners 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: 2021-01-27T23:07:38.03.
     
    https://bt-photos.global.ssl.fastly.net/savannah/orig_boomver_2_239758-2.jpg https://bt-photos.global.ssl.fastly.net/savannah/orig_boomver_2_239758-2.jpg https://bt-photos.global.ssl.fastly.net/savannah/orig_boomver_2_239758-2.jpg
    Logo
    The Arlow Real Estate Group - Keller Williams Realty - Coastal Area Partners
    329 Commercial Dr., Suite 100
    Savannah GA, 31406