Savannah LANDMARK DISTRICT 11-unit apartment conversion

[Ben Toth]

• Circa 1857 located in Historic Landmark District
• 8,676 sq. ft. mansion/ apartment conversion
• 11 units
• Plus a free-standing cottage circa 1900 on the property; approximately 575 sq. ft. 1 bedroom 1 bath
• $14,100 monthly rent
• Taxes and insurance annual $25,000
• Asking price $3 million
• There is a strong demand for property in the Historic Landmark District and that demand seems to grow every year along with a steady appreciation. With some cosmetic updates and new appliances, rents could likely go up immediately.