Here’s an opportunity to invest in a property in a top location in the Savannah Historic District – a three-story Victorian apartment complex on Drayton Street facing Forsyth Park, Savannah’s oldest and largest public park.
This 11,349-square-foot apartment building has 14 units with a 100% occupancy rate; 10 are one-bedroom apartments and four are three-bedroom apartments. They have hardwood floors, updated kitchens and appliances, original fireplaces, central heat and air conditioning. Several units have porches overlooking the park. And there is onsite parking, a huge plus in Savannah.
The asking price is $3.5 million with about a 5% return on investment.