8 W 52nd ST Active Save Request In-Person Tour Request Virtual Tour
Savannah,GA 31405
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,165 sqft
Price per Sqft $219
Subdivision Ardsley Park Area
MLS Listing ID SA332485
Style Bungalow
Bedrooms 5
Full Baths 2
Year Built 1950
Annual Tax Amount $4,075
Tax Year 2024
Lot Size 6,298 Sqft
Property Sub-Type Single Family Residence
Property Description
High-ROI Income-Producing SCAD Student Rental Operation - Fully Tenant Occupied - Seize this exceptional investment opportunity!
Ideal for Buy-and-Hold Investors but could also be Your New Home!
This property offers two paths:
As an investment: Currently leased to SCAD students at $4,150/month ($49,800 annually), with furnishings and leases transferring at closing for immediate cash flow!
As a residence: Tenants can be removed with 60 days' notice to vacate, giving buyers the option to make it their own home in a prime Midtown location without paying historic district pricing of $300+ per square foot!
Fully renovated and fully furnished, this Midtown home combines modern updates with strong, reliable rental income. Upgrades include granite counters, stainless appliances, completely updated plumbing and modern bathroom renovations, plus a fenced backyard, a driveway, carport, and 5+ cars can park off-street behind the carport. Currently leased to SCAD students at $4,150/month ($49,800 annually). Furnishings and leases transfer at closing, allowing an investor to step directly into immediate cash flow with no delay!
Flexible use: keep as a high performing cash-flowing rental or convert to a primary home!
Centrally located near everything Savannah has to offer! Footsteps to Montgomery Hall and Barnard Village with SCAD bus access, just minutes to Downtown Savannah, and just blocks from Starland District, a street away from Ardsley Park and close to Memorial Health!
Pair with 112 W 52nd (2017 build, also available) to secure two strong-performing assets on the same street, generating nearly $100K annually in combined gross rent with built-in equity at $213/$219 per square foot — 25 w 51st St just sold for $257 per square foot just one street over!
Incredible Opportunity — Motivated Seller — Bring Us Your Offer!
Contact me today for more information and/or to schedule a showing!
Location
State GA
County Chatham
Zoning RM25
Interior
Heating Central,Electric
Cooling Central Air,Electric
Fireplaces Type Gas,Living Room,Masonry,Wood Burning
Laundry Washer Hookup,Dryer Hookup,Laundry Room,Upper Level
Exterior
Parking Features Attached,Underground,Off Street
Fence Wood
Building
Lot Description Alley
Story 2
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/sav/SA332485