Thursday, July 28, 2011

Just Listed- Two Quadplexes on Semken. Each $237,500!


2528 Semken Ave.
Clean, impressive and under-rented. Fully leased.
  • Unit A- Newer carpet, new cabinetry.
  • Unit B- Long term tenant has not allowed remodeling. Has newer cabinets, but tenant took the doors off and are in storage. Will eventually be updated.
  • Unit C- New carpet. Ceramic tile in kitchen and bath. Newer appliances and cabinetry.
  • Unit D- Three year old carpet. New cabinetry and appliances.
  • **Back stairs on building replaced within last 2 years. Roof is 8 to 9 years old.

2530 Semken Ave.
A great investment. Owner lives in Unit A and proactively cares for both properties!
  • Unit A. New kitchen cabinets, counters, tile in kitchen and bath. Carpet to be replaced within a few weeks.
  • Unit B. VCT tile throughout. New kitchen cabinets. Paint less than one year old. New carpet.
  • Unit C. New ceramic tile in kitchen and bath. New cabinets and carpet.
  • Unit D. Recently installed linoleum vinyl in kitchen and bath that looks like wood (tenant chose the style). New cabinets, counters, carpet.
  • **Back stairs on building painted within last two years. Roof is 8-9 years old.
Apartments are conveniently located in between Savannah State University and Bona Bella Marina.

The multi-family housing market is HOT. 5 million new renters to enter the market within the next 4 years. Homeowners that sell are now choosing to rent instead. Read more here!

A. Joseph Marshall
Commercial Real Estate Agent

Coldwell Banker Commercial Platinum Partners
912-352-1222
Connie F. Ray, Broker
Savannah, Ga.

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