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816 - 818 Drayton Street

Savannah, GA 31401
  • $5,485,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 319886
UPDATED: 39 min ago
$5,485,000
  • 22
    BEDS
  • 0.14
    ACRES
  • 15
    BATHS
  • 0
    1/2 BATHS
  • 11,349
    SQFT
  • $483
    $/SQFT
Type:
Commercial
Built:
1896
County:
Area:

School Ratings & Info

Description

Discover a prime investment opportunity at 816-818 Drayton St, Savannah, GA. This 14-unit historic apartment building, located on Forsyth Park, offers a blend of timeless charm and modern updates. The building includes 10 one-bedroom units and 4 three-bedroom units, many with porches that provide stunning views of Forsyth Park. Each unit features hardwood floors, modern kitchens with updated appliances, and thoughtful renovations that enhance its historic appeal. Just minutes from SCAD, downtown shopping, dining, and major hospitals, the property is ideally situated for maximum rental appeal. With 80% occupancy and room for rental growth, it's poised for significant income potential, making it an exceptional opportunity for investors seeking high ROI in Savannah's most desirable location. Don't miss out on this incredible opportunity on one of Savannah's most coveted locations.

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© 2024 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 McIntosh Realty Team,. Real estate listings held by brokerage firms other than McIntosh Realty Team, 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: 2024-12-03T09:08:18.713.

www.mcintoshrealtyteam.com/homes/155440086
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816 - 818 Drayton Street Savannah, GA 31401

  • Price: $5,485,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 39 min ago
  • MLS #: 319886
22
Beds
15
Baths
0
½ Baths
0.14
Acres
11,349
SQFT
$483
$/SQFT
1896
Built
County:
Chatham
Area:
Savannah
Property Description
Discover a prime investment opportunity at 816-818 Drayton St, Savannah, GA. This 14-unit historic apartment building, located on Forsyth Park, offers a blend of timeless charm and modern updates. The building includes 10 one-bedroom units and 4 three-bedroom units, many with porches that provide stunning views of Forsyth Park. Each unit features hardwood floors, modern kitchens with updated appliances, and thoughtful renovations that enhance its historic appeal. Just minutes from SCAD, downtown shopping, dining, and major hospitals, the property is ideally situated for maximum rental appeal. With 80% occupancy and room for rental growth, it's poised for significant income potential, making it an exceptional opportunity for investors seeking high ROI in Savannah's most desirable location. Don't miss out on this incredible opportunity on one of Savannah's most coveted locations.
Exterior Features

Exterior Features None Road Surface Type Asphalt

Interior Features

Appliances Some Electric Appliances Cooktop Electric Water Heater Microwave Oven Refrigerator Cooling Central Air Electric Cooling YN Yes Fireplace YN Yes Heating Central Electric Heating YN Yes Interior Features Fireplace Laundry Features Washer Hookup Dryer Hookup

Property Features

Association YN No Current Use Residential Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms ARM Cash Conventional1031 Exchange Private Financing Available Owner Pays Common Area Maintenance Electricity Insurance Sewer Taxes Water Property Attached YN No Property Sub Type Multi Family Security Features None Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 31163 Tax Year 2023 Water Source Public

Listing courtesy of Brandon Fargo of Keller Williams Coastal Area P: 912-356-5001. © 2024 Savannah Multi-List Corporation. All rights reserved.


© 2024 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 McIntosh Realty Team,. Real estate listings held by brokerage firms other than McIntosh Realty Team, 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: 2024-12-03T09:08:18.713.

 
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McIntosh Realty Team,
410 Mall Blvd Suite G
Savannah GA, 31406