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5013 Ogeechee, Savannah, GA :
Property Description

Rare opportunity to acquire a 25-unit extended-stay motel/apartment complex with significant income potential on highly visible Ogeechee Rd/Hwy US-17. Situated on approximately 2.43 acres with commercial road frontage, this well established, family owned property consists of 25 fully furnished one-bedroom, one-bathroom units. Each unit features a private entrance, private bath and a fully equipped kitchen with full sized refrigerator. All furnishings convey with the sale. Potential gross income exceeds $373,000 annually based on weekly rental rate model at full occupancy, or approximately $357,000 annually as monthly rentals. Currently there is a mixture of weekly, biweekly, and monthly tenants, many whom are well established, long term residents. A minimum six month stay is required. Operational advantages include private wells resulting in no water bills, no city taxes, and no flood insurance requirement. A current motel business license is in place. Conveniently located near Berwick Community, Chatham Parkway, major employers, shopping, dining, and easy interstate access/transportation routes. This income producing property offers both immediate cash flow and long term appreciation potential. Positioned in a rapidly growing area, the property is surrounded by ongoing, residential, commercial, and infrastructure development, creating future opportunities for increased demand, rental growth, and overall property appreciation.. Some furnishings in photographs may have been replaced and are subject to change.

Property Info
Property Type: Commercial Sale
MLS Number: SA358865
Lot Size:
- 105
- 677 Acres
Bathrooms: 25
Year Built: 1952
Property Sub Type: Hotel/motel
Price: $2,000,000
Bedrooms: 25
Home Style/Type:
- Brick
- Frame
- Other
- Concrete
- Vinyl Siding
- Wood Sidin
Status: Active
Location Details
County: Chatham
City: Savannah
Postal Code: 31405
Property Features
Roof:
- Asphalt
- Composition
- Metal
- Other
Heating:
- Electric
- Wall Furnace
- Other
- Gas
Exterior Features:
- Fence
- Other
Cooling System:
- Electric
- Window Unit(s)
Fence: Privacy
Appliances:
- Electric Water Heater
- Gas Water Heater
Water/Sewer: Septic Tank
MLS Addon
Office Name: Re/Max Savannah
Agent Name: Amber Williams
5013 Ogeechee, Savannah, GA
$2,000,000
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