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Home For Sale Georgia Savannah 1397
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Apartment Building For Sale By Owner

Parkside Investment Opportunity

113 East Gwinnett Street , Savannah, Georgia 31401 United States

113 East Gwinnett Street in beautiful downtown Savannah Georgia, has a twin sister right next door at 111 East Gwenette. They have an ideal location on a brick street and just a half block to lovely Forsy the Park. There is a grocery store, a health food store and a coffee shop all within a short 2 block walk of these homes. This is a two story stucco over frame building built circa 1881. Each townhouse contains approximately 2400+/- square feet and is currently divided into three apartments. on both sides the first floor is a large one bedroom apartment, the second floor has two one bedroom apartments. All six units are currently rented and have been continuously updated. Both addresses were purchased in 1995 and have had the same owner since that time. The entire building received an upgraded electrical service upgrade and the metal roof was re coated. This well maintained building received exterior painting in 2006. This building has a dream location with ample room for investor improvements that would increase the property value substantially. There are many possibilities for change: Make one address a single family townhouse for owner occupancy and have three rentals to offset the mortgage; Make two single family townhouses; Make four condos, etc. If purchased separately the town homes are listed for $375,000 each; however the price is more negotiable if both addresses are sold to a single party at $580000.

Price: $300,000
Property Sub-Type: Apartment Building
Year Built : 1881
Listing ID: 1397

Map of: 113 East Gwinnett Street , Savannah, Georgia 31401 United States

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