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About This Home

This 5-bedroom, 3-bathroom residential multi family at 1014 Abercorn Street in Savannah, GA is listed for $1,480,000 ($487 per sqft). Built in 1890, the home offers 3,040 sqft of living space on a 0.04 acres lot.

Agent 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, Cafe, Gallery, Stud

io, 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.

Key Features

  • Built in 1890
  • 0.04 acre lot
  • 2 stories

Property Details

2 stories
3 full
1890

Amenities

HardwoodA/C

Monthly Cost Estimate

$7,915/mo

20% down · 6.5% · 30 years

Principal$1,070
Interest$6,413
Insurance$432

Estimates only. Actual payments may vary.

Location

1014 Abercorn Street

Savannah, GA 31401

Features & Amenities

Interior Features

Pull Down Attic Stairs

Exterior Features

Balcony

Property Details

Flooring

TileHardwood

Construction

Brick

Parking

Off Street

Heating

CentralElectric (Heating)

Cooling

ElectricCentral Air

Appliances

Some Gas AppliancesDishwasherElectric Water HeaterMicrowaveOvenRangeRefrigeratorRange HoodWasher

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 1014 Abercorn Street is listed at $1,480,000 ($487/sqft). The estimated monthly payment is $6,413 based on 20% down at 6.5% interest.

Key features include: Built in 1890, 0.04 acre lot, 2 stories. Interior Features: Pull Down Attic Stairs. Exterior Features: Balcony.

This property is listed by Brent Palmer and can be reached at 9122728489 or brentpalmer@gmail.com.

BP

Brent Palmer

Agent at Waterline Real Estate Group

(912) 272-8489

Listed by Waterline Real Estate Group

MLS# SA345508· Source: listhub· Updated 112 days ago

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1014 Abercorn Street, Savannah, GA 31401

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