Description
Welcome to 720 Waters Ave, a fully leased legal duplex in the heart of Savannah, GA! This turnkey investment property is a rare find for real estate investors and house hackers searching for multi-family homes for sale in Savannah, offering 4 bedrooms and 2 bathrooms total across two separate units. This income-producing rental property is already generating $38,400 in gross annual rental income, with both units occupied and cash flowing from day one of ownership. Downstairs unit is furnished, ready for immediate executive rental placement. Step inside to find an updated kitchen with white shaker cabinets, granite countertops, and stainless steel appliances, wide-plank flooring throughout, and a fully renovated bathroom with a marble tile surround. Both units offer in-unit washer and dryer connections for added convenience, a rare perk for a Savannah rental property. Unit 720A is leased month-to-month at $1,600/month. Unit 720B is secured on a fixed lease through April 2027 at $1,600/month, with immediate cash flow and no vacancy risk to start. Outside, enjoy a classic covered front porch perfect for rocking chairs and Savannah evenings, plus offstreet parking for both units. Whether you're a seasoned investor building a rental portfolio, or a first-time buyer exploring house hacking in Savannah, this fully occupied duplex checks every box. Schedule your private showing today, income-producing multi-family homes like this in Savannah don't last long!
Details
| MLS # | SA360346 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 61 |
| Listing Provided By | Keller Williams Coastal Area P | Shannee L. Theus |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,268 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | R4 |
| Acreage | 0.05 |
Interior
| Interior Features | Pull Down Attic Stairs |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric |
| Laundry Features | Washer Hookup |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Crawlspace |
| Lot Features | Alley, City Lot |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Taxes
| Tax Legal Description | 5 BLK 2 HULL WARD |
|---|---|
| Tax Year | 2023 |
Area Information
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31404 |
| Listing VS Median (in 31404) | |
Price: $405,000 low | high Med: $315,000 sqft: 1,268 low | high Med: 1,465 $ / sqft: $319 low | high Med: $215 On site: 61 low | high Med: 110.5 | |
Market Activity 31404
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Learn More About This Property
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31404 |
| Listing VS Median (in 31404) | |
Price: $405,000 low | high Med: $315,000 sqft: 1,268 low | high Med: 1,465 $ / sqft: $319 low | high Med: $215 On site: 61 low | high Med: 110.5 | |
