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20700257
20700248

215 W Huntingdon St, Savannah, GA 31401 For Sale

RM
FL FL BK3315686
RCAM Properties
Listed by RCAM Properties
$2,900,000
613 days on market
Updated 5 days ago

West Huntingdon Historic Fourplex

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5,702
Units 4
Occupancy 25%
Price per SqFt $509
Year Built 1900
Year Renovated 2004
Buildings 1
Stories 2
Occupancy Date 05/01/2024
Sale Condition 1031 exchange

4 Plex ready for condo conversion in the heart of historic district

Marketing description

Unlock the potential of this rare multi-family property nestled in the heart of the historic district. Currently undergoing extensive renovations, this unique property is the ideal investment for redevelopment-minded buyers. 4 Units each are 3 bedroom 2.5 baths. For 15 years this property has been primarily SCAD rentals. Due to the demand for the area, the owner is renovating and upgrading the property.

Property Highlights:

  • Location: Prime spot within the charming historic district, close to amenities, dining, and cultural attractions.

  • Renovation in Progress: Approximately 75% of the property is being updated from student rental units to high-end luxury residences, designed with quality finishes.

  • Redevelopment Opportunity: Perfect for investors seeking to enter the premium rental market, with future potential for increased property value.

  • Condo Conversion Potential: The current owner plans a full condo conversion, offering the opportunity for individual unit sales post-renovation.

Unique Investment Structure

  • One Parcel: Currently being sold as one PIN, but ideal for transitioning to a condominium structure once the renovation and conversion process is completed.

This is a remarkable chance to acquire a historic property that combines classic charm with modern appeal, poised to become a high-value asset in a desirable market.

Investment highlights

Unique Investment Structure

  • One Parcel: Currently being sold as one PIN, but ideal for transitioning to a condominium structure once the renovation and conversion process is completed.

This is a remarkable chance to acquire a historic property that combines classic charm with modern appeal, poised to become a high-value asset in a desirable market.

Listing Contacts

RM
FL FL BK3315686
RCAM Properties
Listed by RCAM Properties

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