506 East Anderson Street

Savannah, GA 31401

$970,000
Price
6
Beds
3
Baths
2,960 Sq. Ft.
$328 / Sq. Ft.
2,960
Sq. Ft.
$328
per Sq. Ft.

Description

Attention Investors: An exceptional opportunity awaits at 506 East Anderson in the heart of Savannah, GA. This duplex combines modern amenities with historic charm, creating a turn-key, income-producing asset with undeniable appeal. Boasting 6 bedrooms, 3 bathrooms, and recent renovations, each unit features beautiful hardwood floors and is designed to maximize comfort and style. With two transferable STVR certificates and a 10.8% CAP rate, this property is a proven AirBnB favorite, offering immediate...Attention Investors: An exceptional opportunity awaits at 506 East Anderson in the heart of Savannah, GA. This duplex combines modern amenities with historic charm, creating a turn-key, income-producing asset with undeniable appeal. Boasting 6 bedrooms, 3 bathrooms, and recent renovations, each unit features beautiful hardwood floors and is designed to maximize comfort and style. With two transferable STVR certificates and a 10.8% CAP rate, this property is a proven AirBnB favorite, offering immediate positive cash flow and a track record of high occupancy. The duplex comes complete with two parking spaces and is situated in an excellent location close to Historic Downtown Savannah, ensuring a continuous draw for short-term vacation renters. Seize the chance to own a piece of Savannah's history while enjoying the financial benefits of a well-established rental property. Don't miss out on this rare investment in one of the city's most desirable neighborhoods.
  1. Listed by Robert Parker • Brand Name Real Estate, Inc
    P: (912) 704-3520 C: (912) 704-3520 brianparkerrealtor@gmail.com

Property Details for 506 East Anderson Street

Architectural Style
Victorian
Waterfront
No
Subdivision Name
Historic Downtown Savannah
Zoning
1-R

Location

Listing Courtesy of Brand Name Real Estate, Inc
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LISTING UPDATED: 03/19/2024 12:18 PM

Property Details for 506 East Anderson Street

StatusActive
MLS #307764
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1900
Lot Size0.07 AC / 3,049 SF
CountyChatham County

Location

Listing Courtesy of Brand Name Real Estate, Inc
Add your commute

Building Information for 506 East Anderson Street

Stories2Residences-Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$5,294 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,294

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 East Anderson Street

Summary
Location and General Information
  • County Or Parish: Chatham County
  • City: Savannah
  • Zoning Description: Mixed use,Multi Family,Single Family
  • Directions: On Anderson St between Price and East Broad
  • Latitude: 32.061179
  • Longitude: -81.092474
  • Postal City: Savannah
  • Unparsed Address: 506 E Anderson Street
  • State Or Province: GA
  • Postal Code: 31401
Taxes and HOA Information
  • Tax Legal Description: LOT LETTER R SECTION 10 WARING W ARD
  • Association: No
  • Parcel Number: 2-0053-14-018
School Information
  • Elementary School: Schuman
  • Middle Or Junior School: Hubert
  • High School: Liberal Studies
Parking
  • Garage: No
  • Parking Features: Garage, Off Street, Rear Side Off Street, On Street
Property
Lot Information
  • Property Sub Type Additional: Duplex
  • Living Area: 2,960.00
  • Living Area Source: Owner
  • Lot Features: Alley, City Lot, Public Road
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Square Feet: 3049.0
  • Lot Size Units: Acres
  • Stories Total: 2
Property and Assessments
  • New Construction: No
  • CLIP: 6,108,270,975
  • Year Built: 1900
  • Number Of Pads: 2
  • Number Of Units In Community: 2
  • Number Of Units Total: 0
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Paved
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Porch
  • Foundation Details: Brick Mortar, Raised, Slab
  • Roof: Asphalt, Metal
Interior Features
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Oven, Range, Dryer, Refrigerator, Washer
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Flooring: Hardwood, Tile
  • Furnished: Furnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Ceiling Fans
  • Laundry Features: Washer Hookup, Dryer Hookup, In Hall
  • Patio And Porch Features: Balcony, Front Porch, Porch
Rental
Rental Information
  • ListingTerms: ARM,Cash,Conventional,Item1031Exchange,Private Financing Available,VALoan

Property History for 506 East Anderson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 East Anderson Street

Taxable ValueLand$28,000Additions$185,920Total$213,920
Home Facts
Beds4Total Finished SqFt2,504 SqFtAbove Grade Finished SqFt2,504 SqFtStories2Lot Size3,149 SqFtStyleSingle Family ResidenceYear Built1900Zoning1-RCountyCHATHAMAPN2-0053 -14-018Fireplace TypeTwo Story

Schools near 506 East Anderson Street

This home is within Chatham County School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 11
Rating
School
Distance
Shuman Elementary School
Public1 to 5

Hubert Middle School
Public6 to 8

Savannah Arts Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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506 East Anderson Street is a multi-family home for sale in Savannah, GA 31401. This property was listed for sale on March 18, 2024 by Brand Name Real Estate, Inc, it's currently listed at $970,000. It has been on the market for a total of 45 days and was last sold on June 14, 2022. This listing's school district is Chatham County School District. Nearby schools include Shuman Elementary School, Hubert Middle School and Savannah Arts Academy. 506 East Anderson Street is a 6-bed, 3-bath, 2,960 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brand Name Real Estate, Inc

Based on information from one of the following Multiple Listing Services: Savannah Multi-List Corporation. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Savannah Multi-List Corporation is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.