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$ 359,000
Est. payment /mo
New
111 W 48th ST Savannah, GA 31405
2 Beds
2 Baths
984 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 984 sqft
Price per Sqft $364
Subdivision Wright Ward
MLS Listing ID SA358716
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1920
Lot Size 3,180 Sqft
Acres 0.073
Property Sub-Type Duplex
Source SAV
Property Description
Located in the heart of Savannah's rapidly growing Midtown/Starland corridor, 111 W 48th Street presents an outstanding investment opportunity with immediate cash flow. This fully leased duplex consists of two one-bedroom, one-bath residences currently generating $3,200 per month in rental income, or $38,400 annually. At an asking price of $359,000, the property offers compelling value for investors seeking stable returns in a high-demand location.
Each unit has been thoughtfully renovated and features updated kitchens, modern finishes, durable flooring, exposed brick accents, and private fenced backyard spaces. Historic details such as original brick fireplaces and reclaimed wood elements blend seamlessly with contemporary updates, creating attractive living spaces that tenants love.
Just steps from neighborhood favorites including Café Taureau, Late Air, and the vibrant restaurants, shops, and entertainment options of the Starland District, the property offers exceptional walkability and continued rental demand. Convenient access to downtown Savannah, SCAD, Memorial Health, and the Truman Parkway further enhances its appeal.
Whether you're looking to expand your investment portfolio, execute a house-hack strategy, or secure a turnkey income-producing property in one of Savannah's most sought-after neighborhoods, 111 W 48th Street is a rare opportunity to acquire a fully occupied asset with proven income from day one.
Each unit has been thoughtfully renovated and features updated kitchens, modern finishes, durable flooring, exposed brick accents, and private fenced backyard spaces. Historic details such as original brick fireplaces and reclaimed wood elements blend seamlessly with contemporary updates, creating attractive living spaces that tenants love.
Just steps from neighborhood favorites including Café Taureau, Late Air, and the vibrant restaurants, shops, and entertainment options of the Starland District, the property offers exceptional walkability and continued rental demand. Convenient access to downtown Savannah, SCAD, Memorial Health, and the Truman Parkway further enhances its appeal.
Whether you're looking to expand your investment portfolio, execute a house-hack strategy, or secure a turnkey income-producing property in one of Savannah's most sought-after neighborhoods, 111 W 48th Street is a rare opportunity to acquire a fully occupied asset with proven income from day one.
Location
State GA
County Chatham
Community Wright Ward
Zoning RIP
Direction 48th Street between Bull and Barnard
Interior
Heating Central, Electric
Cooling Central Air, Electric
Appliance Electric Water Heater
Building
Water Public
Level or Stories 1
Others
Tax ID 2008803009
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Listed by Seabolt Real Estate
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