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5013 - A 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: Residential Income
MLS Number: SA358919
Lot Size:
- 105
- 851 Acres
Bedrooms: 25
Home Style/Type:
- Brick
- Frame
- Other
Status: Active
Property Sub Type: Multi Family
Price: $2,000,000
Waterfront: No
Bathrooms: 25
Year Built: 1952
Location Details
Community: Laurel Lodge Sub
Postal Code: 31405
County: Chatham
City: Savannah
Property Features
Garage
Porch/Deck:
- Covered
- Porch
- Patio
- Front Porch
Heating:
- Electric
- Wall Furnace
- Gas
Interior Features:
- Ceiling Fan(s)
- Other
- See Remarks
Water/Sewer: Septic Tank
Roof:
- Asphalt
- Composition
- Metal
- Other
Fence: Privacy
Appliances:
- Electric Water Heater
- Gas Water Heater
- Microwave
- R
Floors:
- Ceramic Tile
- Other
- Tile
Cooling System:
- Electric
- Window Unit(s)
- Othe
MLS Addon
Office Name: Re/Max Savannah
Agent Name: Amber Williams
5013 - A Ogeechee, Savannah, GA
$2,000,000
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