5013 - A Ogeechee RD, Savannah, GA 31405
5013 - A Ogeechee RD, Savannah, GA 31405
5013 - A Ogeechee RD, Savannah, GA 31405
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wendy Wiegand

Wendy Wiegand

+1(910) 224-8733
$2,000,000
Est. payment /mo
25 Beds
25 Baths
8,432 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,432 sqft

Price per Sqft $237

Subdivision Laurel Lodge Sub

MLS Listing ID SA358919

Bedrooms 25

Full Baths 25

HOA Y/N No

Year Built 1952

Lot Size 2.430 Acres

Acres 2.43

Property Sub-Type Multi Family

Source SAV

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.

Location

State GA

County Chatham

Community Laurel Lodge Sub

Zoning AT

Direction E Derenne Ave to GA-21/I-516 W, take exit 2 Veteran's Pkwy, Take Chatham Parkway exit follow signs to US-17, Turn Left on US-17/Ogeechee Rd. Property on left 1.5 miles with Red/rust colored privacy fence. Laurel Lodge sign

Rooms

Other Rooms Outbuilding, Other, Shed(s), Storage

Basement None

Interior

Interior Features Ceiling Fan(s), Other, See Remarks

Heating Electric, Gas, Wall Furnace

Cooling Electric, Other, Window Unit(s)

Flooring Ceramic Tile, Other, Tile

Furnishings Furnished

Appliance Electric Water Heater, Gas Water Heater, Microwave, Range, Refrigerator

Laundry None

Exterior

Parking Features Off Street, Parking Lot

Utilities Available Underground Utilities

View Panoramic

Roof Type Asphalt,Composition,Metal,Other

Accessibility Low Threshold Shower

Porch Covered, Patio, Porch, Front Porch

Garage No

Building

Lot Description Greenbelt, Interior Lot, Irregular Lot, Other

Story 1

Foundation Other, Raised, Slab

Water Private, Well

Architectural Style Other, Ranch, Traditional

Level or Stories 1

New Construction No

Others

Tax ID 1095603008-001

Acceptable Financing ARM, Cash, Conventional, 1031 Exchange

Listing Terms ARM, Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/sav/SA358919

Read Less Info
Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Re/Max Savannah

Nearby School & Business

Get More Information

Wendy Wiegand

Wendy Wiegand

+1(910) 224-8733

Broker-Owner | License ID: 278420

Broker-Owner License ID: 278420

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Residential Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.