The Taylor Loft

4 Unit Apartment Building | $1,870,000 ($467,500/Unit) | 5.44% Cap Rate | Savannah, GA 31401

Asking Price $1,870,000

Property Type: Multifamily
Square Feet: 5,000 SF

Listing Contacts

Graham Sadler

Verified Profile

Property Info

Property Overview

Rare opportunity for 4 non-owner occupied short-term vacation rental units in heart of the Landmark Historic District. This property boast Net Operating Income (NOI) of $100,000/year. "Downstairs"currently owner occupied & utilized as a 2 bed/ 2 bath suite w/ private access to deck & courtyard; its potential income was factored into NOI. Two auxiliary units, each with full kitchens located upstairs & include 2 beds/ 2 baths on the second level and a cozy studio on 3rd floor. An entirely separate cottage/ carriage house can be accessed from the lane and offers kitchen, living room and two beds & baths. Tandem parking off lane accommodates 2 cars. This well maintained home boasts strong rental history, good reviews and future income. It's sold turn key with exception of owner's suite and items in courtyard. Steps from Forsyth Park, restaurants & shopping,

Property Details

Class: B
Year Built: 1870
Stories: 2
Lot Size (sq. ft): 2,614 SF
Units: 4

Highlights

Short Term Vacation Rental Units
Strong Rental History
Historic Building in Downtown Savannah

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The Taylor Loft

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540 Taylor St
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