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The Taylor Loft 540 E Taylor St

4 Unit Apartment Building $2,650,669 CAD ($662,667 CAD/Unit) 5.44% Cap Rate Savannah, GA 31401

Investment Highlights

  • Short Term Vacation Rental Units
  • Historic Building in Downtown Savannah
  • Strong Rental History

Executive Summary

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,

Data Room Click Here to Access

Property Facts

Price $2,650,669 CAD
Price Per Unit $662,667 CAD
Sale Type Investment
Cap Rate 5.44%
Gross Rent Multiplier 11.42
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.06 AC
Building Size 5,000 SF
No. Stories 2
Year Built 1870
Opportunity Zone Yes

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - -
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code D-R (Downtown Residential)
D-R (Downtown Residential)
  • Listing ID: 32557774

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 540 E Taylor St, Savannah, GA 31401

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