15 W 59th St, Savannah, GA 31405

Property Description

Value-add small multifamily opportunity in one of Savannah's most active small-apartment corridors. 15 W 59th St is a 7-unit, 6,116 SF multi-building residential compound on 0.202 acres, west of Bull Street in the Midtown belt, zoned RTF. Three separate structures on one parcel. Current unit mix includes one 3 bedroom and a range of 1 and 2 bedroom units. Four of seven units are occupied at a combined $3,050 per month, with long-tenured tenants sitting well below market, and three units are vacant and ready to lease at market rents, a straightforward, honest value-add profile. The rear building has a new roof. Older building (1946) with some deferred maintenance alongside renovated space. Building area is confirmed at 6,116 SF on the county record. Sold as-is. Full rent roll and unit mix provided to qualified buyers on request. Financing and 1031 exchange buyers welcome. Buyer to verify all information. Parcel 20093-27008.