Karin Carr

REALTOR
Keller Williams Coastal Area Partners
912-771-1112
Licensed In: GA
License #: 362605

Fantastic and profitable turnkey business opportunity! This is a 3-unit permitted short term vacation rental in the Savannah historic district. Outstanding location is blocks from major tourist attractions. Property underwent a major renovation in 2016 by Waters Building and Design and has a new roof, new HVAC system, new appliances, and more! Built in 1886, the property retains its vintage charm yet now has wonderful modern conveniences. The units are hosted on the Airbnb platform and have hundreds of 5-star reviews. With a cap rate of over 10% and a net operating income of $106k this property is in great demand. There are more than $40k worth of reservations on the books for 2019 so far. Permits for STVR’s in the historic district are scarce and this property has one FOR EACH unit. The property is easy to run long distance as Airbnb screens the guests and books the reservations. Ample parking available for guests in front of the building. This opportunity can be yours – don’t delay!