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534 E Waldburg St

Savannah GA 31401

3
0.08 ac.
Duplex
Currently for sale - view listing

Overview

Exceptional income-producing duplex two blocks from Forsyth Park in the heart of Savannah's Victorian Historic District. Live in one unit while your tenant pays your mortgage or add a turnkey investment property to your portfolio with immediate rental income and strong value-add upside. Step onto the classic Southern front porch, with its inviting rocking chairs, you'll instantly appreciate the historic charm. Inside, the foyer showcases beautiful original woodwork, to set the tone. The first-floor unit features original hardwood floors, a decorative fireplace, 2-bedrooms, 1-bath, and a generously sized kitchen. Upstairs, the 2nd unit offers another spacious kitchen, 2-bdrms, 1-bath, another decorative fireplace, a comfortable living room, & access to a wonderful deck with a sturdy stairway leading to the private backyard & off-street parking. A versatile 3rd-floor bonus room-potential for an extra bedroom, office, or studio. Its highly walkable location places you near shopping, schools, & a few blocks from Forsyth Park. Current rental income: $1,950/month (upstairs). Downstairs unit vacant: immediate owner occupancy or rental opportunity. Estimated market rent downstairs: $2,000-$2,200/month. Projected stabilized gross income: $47,400-$49,800 annually. 1031 exchange welcomed. Motivated seller.

Features

3 carspaces
3 garage spaces
0.08 ac. lot size
Duplex

Property history for 534 E Waldburg St

2023
Sold
$535,000
16 Feb 2023 by Ashley Behlke, of Engel & Volkers Santa Rosa
2018
Sold
$343,500
21 Dec 2018 by Helen Johnson, of Celia Dunn Sotheby's
2015
Sold
$200,000
02 Jul 2015 by Michael O'connor, of Re/Max Savannah

Happy sellers in Savannah

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Local market activity for duplexes in Savannah

In the last 12 months, 37 duplexes similar to 534 E Waldburg St, have been sold.

This represents a 15% decrease in duplexes sales when compared to the previous 12 months.

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