215 Huntingdon StSavannah, GA 31401

Property Details for 215 Huntingdon St

Year built

1900

Property size (Sq ft)

5,702 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional multifamily property, located at 215 W Huntingdon St in Savannah, Georgia's historic district (zip code 31401), presents a unique investment opportunity. The 5,702 square foot, two-story building, constructed in 1900 and extensively renovated in 2004, currently comprises four units, each boasting three bedrooms and 2.5 bathrooms. Currently undergoing a significant upgrade from student rentals to high-end luxury residences (approximately 75% complete), this property is poised for substantial appreciation. The asking price is $2,900,000, translating to $508.59 per square foot and $725,000 per unit. The property is currently 25% occupied, with full occupancy anticipated by May 1, 2024. Its prime location offers proximity to numerous amenities, dining establishments, and cultural attractions. The single parcel property, currently under one PIN, is ideally suited for conversion into a condominium structure upon completion of renovations, presenting a lucrative opportunity for individual unit sales. This represents a rare chance to acquire a historic property blending classic charm with modern luxury, destined to become a high-value asset in a highly desirable market. The property is being offered as a 1031 exchange opportunity.

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0698

Longitude

-81.0984

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