Outstanding investment opportunity with immediate income and strong upside! This brick quadplex currently generates $4,125 per month in rental income, with three units leased at $1,375 per month. One unit is currently available, providing an immediate opportunity to increase rental income at current market rates or accommodate an owner-occupant. Each unit offers a functional 2-bedroom, 1-bath floor plan with strong rental appeal. Situated just outside the Savannah city limits, investors benefit from no City of Savannah property taxes, helping maximize long-term returns. Conveniently located near Savannah State University, shopping, restaurants, hospitals, and major commuter routes, this well-maintained property features off-street parking and covered front porches. Whether you're expanding your investment portfolio or completing a 1031 exchange, this is an excellent opportunity to acquire a proven income-producing asset with immediate upside potential.
Listing Courtesy of Hive MLS / Listed By: Codi Anderson, Better Homes And Gardens Real Estate Legacy
$565,000 (USD)
Savannah Area Multi-Family Home
Active
8 Lewis Drive Savannah, GA 31406
8 Bed
8 Baths
4310 sqft
MLS# SA362674
Excellent investment opportunity in Savannah! Fully occupied 4-unit quadplex generating $5,950 in monthly rental income, with three units leased at $1,500/month and one unit at $1,450/month. Each unit offers 2 bedrooms and 1.5 bathrooms, providing a desirable floor plan for long-term tenants. Recent improvements include new window heat pump HVAC units in every apartment, helping reduce future maintenance costs. The property offers off-street parking and a courtyard-style layout and is conveniently located near shopping, dining, Hunter Army Airfield, and major commuter routes. Whether you're adding to your portfolio or completing a 1031 exchange, this income-producing property offers immediate cash flow with all four units occupied.
Listing Courtesy of Hive MLS / Listed By: Codi Anderson, Better Homes And Gardens Real Estate Legacy