603 W 39th St, Savannah, GA 31415

Multiple Family / 8 Bedroom(s) / 4 Bath(s)

Property Status:  For Sale | $235,000.00 (Wholesale)

Property Photos
603 W 39th St (Image - 1)
603 W 39th St (Image - 2)
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603 W 39th St (Image - 4)
603 W 39th St (Image - 5)

QuadPlex investment opportunity

Property Status:
This Property is currently...
  • Status:  For Sale | $235,000.00 (Wholesale)
Property Details:
Multiple Family / 8 BR / 4 BA
Property Style:
2-Story
Year Built:
1900
Finished Sq Ft:
2,700
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
SKYVAULT 369
(870) 281-7494

View on Individual's Website
Property Description:

🔥Quadplex Investment Opportunity in Savannah, GA 🔥

📍 Property Location:

🏠 Address: 603 W 39th St, Savannah, Georgia 31415
🏙? Neighborhood: Cuyler-Brownville Historic District
📏 Proximity: 2 miles from Enmarket Arena, surrounded by parks
🔍 Property Details:

🏢 Type: 4-Unit Apartment
🏚? Configuration:
2 Apartments Upstairs 2bed 1bath
2 Apartments Downstairs 2bed 1bath
📐 Size:
Total Sqft: 2,700 sqft
Lot Size: 3,484 sqft
🏗? Zoning: Commercial and Residential
?? Condition:
No electricity currently
Full rehab needed
Roof replaced 5 years ago
💰 Pricing Information:

💲 Asking Price: $230,000
🔧 Rehab Estimate: $80k-$100,000 wiggle room, had multiple contractors check property.
🏡 ARV (After Repair Value): $500,000 - $600,000
Similar multifamily properties selling for $600,000 - $1.88 million
? Proof of Funds (POF) & Earnest Money Deposit (EMD): Required

 

🏘? Potential Rental Income:

💵 Monthly Rent (Per Unit) Cash Tenants: $1,300*4 units = $5,200/ month 
x 12= $62,400 - Annual rent 
💵 Monthly Rent (Per Unit) Section 8 Tenants: $1,584*4 units = $6,336/month 
 x 12= $76,032 - Annual rent
1?? 1% Rule: Asking price is below $360,000 (based on $5,200 monthly rent)

 

🏷? Comps (Comparable Sales):

🏡 304 W 39th St, Savannah, GA: Sold for $658,000 "As-Is" on 04/11/2024
🏠 311 W 39th St, Savannah, GA: Sold for $590,000 on 10/19/2023
🏘? 1101 & 1105 E Anderson St, Savannah, GA: Sold for $575,000 on 08/15/2024
🏚? 803-801 Duffy St, Savannah, GA: Sold for $520,000 on 08/09/2024
🏡 509 W 37th St, Savannah, GA: Sold for $500,000 on 04/19/2024
🏠 112 W Duffy Ln, Savannah, GA: Sold for $490,000 on 03/28/2024

 

3 extra photos of inside


Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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