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28987551
31293835

1014 Abercorn St, Savannah, GA 31401 For Sale

JR
GA 343627, SC 109303
Jenny Rutherford Real Estate
Listed by Jenny Rutherford Real Estate
$1,295,000
211 days on market
Updated 8 days ago

Mixed Use Duplex in Savannah's Historic District

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Single Family Rental Portfolio
Square Footage 3,040
Units 2
Cap Rate 8.72%
Occupancy 100%
Price per SqFt $426
Broker Co-Op Yes
Year Built 1890
Stories 2
Acreage 0.400
Zoning TC-1

$130K+ Annual Income in Savannah’s Historic District!

Marketing description

$130K+ Annual Income in Savannah’s Historic District! This Exceptional 3040Sqft, TC-1 Zoned Mixed-Use Property Is A Proven, High-Performing Short-Term Vacation Rental Currently Generating Over $130,000 Per Year, Offering Immediate Cash Flow With Outstanding Long-Term Flexibility. The Property Is Configured As A 5BR/3BA By Combining Two Distinct Units, Featuring Two Full Kitchens And Two Separate Living Rooms, Ideal For Large Groups, Multi-Family Stays, Or Flexible Occupancy. The Ground-Level Unit Is Approved For Retail Or Commercial Use Under TC-1 Zoning And Can Easily Be Converted To A Boutique, Office, Café, Gallery, Studio, Or Service-Oriented Business, While The Upper Level Remains Residential, Creating A Rare Opportunity To Live In One Unit, Rent The Other, Or Create A Seamless Work/Live Combination In The Heart Of The Historic District. TC-1 Zoning Supports A Broad Range Of Commercial, Office, Service, And Residential Uses, Enhancing Both Adaptability And Long-Term Value. Continue Operating As A Lucrative STVR, Separate The Units For Multiple Income Streams, Owner-Occupy One Level While Leasing The Other, Or Reposition The Property As A Classic Mixed-Use Asset With Commercial Revenue Below And Residential Living Or Rental Income Above. Ideally Located In A Highly Walkable Setting Surrounded By Savannah’s Iconic Architecture, Shopping, Dining, Cultural Landmarks, And Downtown Amenities. This Property Offers Rare Zoning, Strong Income, And Multiple Exit Strategies In One Of Savannah’s Most Sought-After And Tightly Held Districts.

Listing Contacts

JR
GA 343627, SC 109303
Jenny Rutherford Real Estate
Listed by Jenny Rutherford Real Estate

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