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Brian Griffin

AXEN Realty

bgriffin@axenrealty.com +1(910) 443-9997

$ 1,395,000

Est. payment -/mo

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Price Dropped by $85K

1014 Abercorn ST Savannah, GA 31401

5 Beds

3 Baths

3,040 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,040 sqft

Price per Sqft $458

MLS Listing ID SA345508

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1890

Lot Size 1,699 Sqft

Acres 0.039

Property Sub-Type Duplex

Source SAV

Property Description

$130K+ Annual Income in Savannah's Historic District! This Exceptional 3040Sqft, TC-1 Zoned Mixed-Use Property Is A Proven, High-Performing Short-Term Vacation Rental Currently Generating Over $130,000 Per Year, Offering Immediate Cash Flow With Outstanding Long-Term Flexibility. The Property Is Configured As A 5BR/3BA By Combining Two Distinct Units, Featuring Two Full Kitchens And Two Separate Living Rooms, Ideal For Large Groups, Multi-Family Stays, Or Flexible Occupancy. The Ground-Level Unit Is Approved For Retail Or Commercial Use Under TC-1 Zoning And Can Easily Be Converted To A Boutique, Office, Café, Gallery, Studio, Or Service-Oriented Business, While The Upper Level Remains Residential, Creating A Rare Opportunity To Live In One Unit, Rent The Other, Or Create A Seamless Work/Live Combination In The Heart Of The Historic District. TC-1 Zoning Supports A Broad Range Of Commercial, Office, Service, And Residential Uses, Enhancing Both Adaptability And Long-Term Value. Continue Operating As A Lucrative STVR, Separate The Units For Multiple Income Streams, Owner-Occupy One Level While Leasing The Other, Or Reposition The Property As A Classic Mixed-Use Asset With Commercial Revenue Below And Residential Living Or Rental Income Above. Ideally Located In A Highly Walkable Setting Surrounded By Savannah's Iconic Architecture, Shopping, Dining, Cultural Landmarks, And Downtown Amenities. This Property Offers Rare Zoning, Strong Income, And Multiple Exit Strategies In One Of Savannah's Most Sought-After And Tightly Held Districts.

Location

State GA

County Chatham

Zoning TC-1

Direction Corner of Abercorn St and E Waldburg Ln

Rooms

Basement None

Interior

Interior Features Pull Down Attic Stairs

Heating Central, Electric

Cooling Central Air, Electric

Flooring Hardwood, Tile

Appliance Some Gas Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature Balcony

Parking Features Off Street

Utilities Available Cable Available

Roof Type Rubber,Rolled/Hot Mop

Porch Balcony

Garage No

Building

Lot Description Corner Lot, City Lot, Level

Foundation Slab

Water Public

Architectural Style Traditional

Level or Stories 2

Structure Type Balcony

New Construction No

Others

Tax ID 2004427012

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/sav/SA345508

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors

Listed by Waterline Real Estate Group

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