540 E Taylor Street, Savannah GA, 31401

Active

540 E Taylor Street

Savannah GA, 31401

$1,870,000

$486.09 per sqft

Active

7 Beds

7 Baths

3,847 sqft

Multi-family

Built in 1870

Rare opportunity for 4 non-owner occupied short-term vacation rental units in heart of the Landmark Historic District. This property boast Net Operating Income (NOI) of $100,000/year. "Downstairs"currently owner occupied & utilized as a 2 bed/ 2 bath suite w/ private access to deck & courtyard; its potential income was factored into NOI. Two auxiliary units, each with full kitchens located upstairs & include 2 beds/ 2 baths on the second level and a cozy studio on 3rd floor. An entirely separate cottage/ carriage house can be accessed from the lane and offers kitchen, living room and two beds & baths. Tandem parking off lane accommodates 2 cars. This well maintained home boasts strong rental history, good reviews and future income. It's sold turn key with exception of owner's suite and items in courtyard. Steps from Forsyth Park, restaurants & shopping, it's expected to have continued appreciation and potential for increased income. Proforma & financials available upon request.

314916

MLSⓇ ID

July 16, 2024

Listed

November 22, 2024

Updated

Map

540 E Taylor Street
Savannah GA, 31401

Interior Features

Total Stories: 3
Bedrooms: 7
Total Bathrooms: 7
Full Bathrooms: 7
Interior Features: Fireplace
Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Plumbed For Ice Maker, Range, Refrigerator, Washer
Laundry Description: Washer Hookup, Dryer Hookup
Floor Description: Carpet, Hardwood
Fireplace: Yes
Cooling: Yes
Cooling Description: Electric, Heat Pump, Zoned
Heating: Yes
Heating Description: Electric, Heat Pump, Zoned

Exterior/Building Features

Lot Size: 0.06 Acres
Architectual Style: Traditional
Roof: Composition
Sewer: Public Sewer

Other Property Details

Days on Market: 38
Garage: No
View: No
County: Chatham
Water Source: Public
Pool: No
Zoning: RM40

Listing History

Date	Event	Price
7/22/2024	Price change	$1,870,000 1%

Listed by Heather Booth with BHHS Bay Street Realty Group (912) 401-9401

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of GA - Savannah Multi-List Corporation (SABOR). Real estate listings held by brokerage firms other than Peter Nelsen are marked with the name of the listing brokers.

The broker providing these data believes them to be correct, but advised interested parties to confirm them before relying on them in a purchase decision.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

This data up-to-date as of 11/22/2024. For the most current information, contact Peter Nelsen (, [email protected])

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Nelsen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.