224 Houston St Savannah, GA 31401

This exceptional 15-unit apartment building, located at 224 Houston Street in Savannah, Georgia's Landmark Historic District, presents a compelling investment opportunity. Built in 1935 and extensively renovated in 2018, this four-story building boasts 9,954 square feet and offers a compelling cap rate of 10.45%. The property generates a substantial net operating income (NOI) of $621,869 annually, with an asking price of $5,950,000. Each of the uniquely designed units benefits from updated plumbing and electrical systems, along with energy-efficient HVAC controls. Thoughtful amenities include a beautiful courtyard and an espresso station. The building's prime location directly on Crawford Square in the historic district ensures high occupancy rates and strong rental income. Financial statements and supplemental media are available upon request. This is a rare chance to acquire a thriving, well-maintained property in a highly desirable location, offering a strong return on investment. The price per unit is $396,666.67, and the price per square foot is $597.75. This property represents a unique blend of historic charm and modern comfort, making it an ideal investment for discerning buyers. The zip code is 31401, and the property is situated in Chatham County.