506 E Anderson Street Savannah, GA ^$ 970,000

506 E Anderson Street

^$ 970,000

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506 E Anderson Street

Savannah, GA, 31401

^$ 970,000

Bedrooms6 Baths3.0 Sq 2,960

Monthly Estimate*

^$ 6,776

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Multi-Family Home for sale in Savannah, GA

for $970,000 with 6 bedrooms and 3 full baths. This 2,960 square foot home was built in 1900 on a lot size of 0.07.

Attention Investors: An exceptional opportunity awaits at 506 East Anderson in the heart of Savannah, GA. This duplex combines modern amenities with historic charm, creating a turn-key, income-producing asset with undeniable appeal. Boasting 6 bedrooms, 3 bathrooms, and recent renovations, each unit features beautiful hardwood floors and is designed to maximize comfort and style. With two transferable STVR certificates and a 10.8% CAP rate, this property is a proven AirBnB favorite, offering immediate positive cash flow and a track record of high occupancy. The duplex comes complete with two parking spaces and is situated in an excellent location close to Historic Downtown Savannah, ensuring a continuous draw for short-term vacation renters. Seize the chance to own a piece of Savannah's history while enjoying the financial benefits of a well-established rental property. Don't miss out on this rare investment in one of the city's most desirable neighborhoods.

Multi-Family Active

Price

^$ 970,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.07

Year Built

1900

Town/City

Savannah

County/Region

Chatham

MLS | Web ID

307764

Features

General

Interior Features CeilingFans

Sewer PublicSewer

Heating Central Electric

Cooling CentralAir Electric

Utilities CableAvailable UndergroundUtilities

Roof Asphalt Metal

Appliances Dishwasher ElectricWaterHeater Microwave Oven Range Dryer Refrigerator Washer

Exterior Features Balcony Porch

Zoning 1-R

Patio/Porch Features Balcony FrontPorch Porch

Architectural Style Victorian

Construction Materials Brick Frame Masonite WoodSiding

Year Built 1900

Property SubType Duplex

Percent Ownership Homeowner/Owner

County Chatham County

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Historic Downtown Savannah

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions On Anderson St between Price and East Broad

High School Liberal Studies

City Savannah

Buyer Agent Compensation 2.25

Disclosures LicensedVacationRental

View Y/N N

Senior Community Y/N N

Zoning Description Mixed use Multi Family Single Family

Total Units 0

Lot Size Square Feet 3049.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Anderson

Listing Terms ARM Cash Conventional Item1031Exchange PrivateFinancingAvailable VALoan

Elementary School Schuman

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Middle/Junior High School Hubert

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Description Tenant

Property Sub Type Additional Duplex

Expected Active Date 2024-03-18

Legal Description LOT LETTER R SECTION 10 WARING W ARD

Interior

Flooring Hardwood Tile

Furnished Y/N Furnished

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 3

Half Baths 0

Street Suffix Street

Laundry Features WasherHookup DryerHookup InHall

Total Bedrooms 6

Electric On Property Y/N N

Total Baths 3

Exterior

Parking Features Garage OffStreet RearSideOffStreet OnStreet

Lot Features Alley CityLot PublicRoad

Water Source Public

Inclusions Ceiling Fans Dryer Refrigerator Washer

Lot Size Area 0.07

Foundation Details BrickMortar Raised Slab

Spa N

Lot Size Acres 0.07

Road Surface Type Paved

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Number of Pads 2

Internal Only

Street Number 1 506

* Excluded Features

List By

Brand Name Real Estate, Inc

Broker

brianparkerrealtor@gmail.com

Affordability Calculator

$6,776

Per Month

Monthly Principal & Interest: $6,776
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Savannah, GA

Average List Price ^$954,435

Percent of Sale Price 2%

About Savannah, GA

147,502 Population

11% Since 2002

^$39,420 Median Income

33.54 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4607768 Elementary School

2385138 Middle School

Liberal Studies High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2024	$970,000		Listed Price

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506 E Anderson Street, Savannah, GA, 31401 is a Multi-Family Home for sale at $970,000 with 2,960 sqft and a lot size of 0.07. 506 E Anderson Street has 6 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 31401 which is in Savannah, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation, and includes listings held by other brokerage firms. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

All information deemed reliable, but not guaranteed, and should be independently verified. All properties subject to prior sale, change, or withdrawl. Brokers shall not be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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506 E Anderson Street

Multi-Family Home for sale in Savannah, GA

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