138 W 51st Street

Savannah, GA 31405

Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features three 2BD/1BA units along with one 1BD/1BA unit with long-term tenants already in place, providing immediate cash flow from day one and current rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area. Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co. The property is also in close proximity to Savannah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Café serves students, faculty, and residents alike, further enhancing the area's appeal and long-term rental demand. Adding to the property's appeal, the property is zoned C-3, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4% interest rate, subject to lender approval and qualification. Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas. An exciting park expansion is also planned for 2027. Assumable VA Loan with 4% Interest Rate Available & C-3 Zoning Offers Future Development Potential

Listing courtesy of Victoria Williams Adcock of Seaport Real Estate Group



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