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
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3BEDS
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0.03ACRES
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3BATHS
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11/2 BATHS
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2,661SQFT
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$274$/SQFT
School Ratings & Info
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
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