The Taylor Loft | 540 E Taylor St
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The Taylor Loft 540 E Taylor St
4 Unit Apartment Building $1,870,000 ($467,500/Unit) 5.44% Cap Rate Savannah, GA 31401
Investment Highlights
- Short Term Vacation Rental Units
- Historic Building in Downtown Savannah
- Strong Rental History
Executive Summary
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,
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Property Facts
| Price | $1,870,000 | Apartment Style | Townhome |
| Price Per Unit | $467,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.44% | Building Size | 5,000 SF |
| Gross Rent Multiplier | 11.42 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1870 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,870,000 |
| Price Per Unit | $467,500 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 11.42 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1870 |
| Opportunity Zone |
Yes |
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | D-R (Downtown Residential) |
| D-R (Downtown Residential) |
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The Taylor Loft | 540 E Taylor St
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