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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,911 sqft
Price per Sqft $629
MLS Listing ID SA361950
HOA Y/N No
Year Built 1955
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Source SAV
Property Description
Originally opened as the Brayboy Hotel, the iconic 4-building property encompasses .49 acres, w parking for 21 vehicles. The exterior's renovated yet vintage character belies its stylish, contemporary 1 BD/1BA, 1 BD/2BA, and studio apartments, some with private courtyards. The stunning interiors are consistent throughout boasting sleek modern furnishings that maximize space and livability, including clever built-ins (such as desks, dining surfaces & ironing boards) & closet/storage space. Full-size kitchens w granite counters & SS appliances are equipped to a T. Remotely operated mounted TVs and ceiling fans along with recessed lighting, LVP flooring, & tile bathrooms finish out the interiors. All units feature the same neutral grey pallet and interchangeable furniture for easy maintenance & changeover. The units offer abundant natural light and our outfitted with blackout curtains.
An innovative, simplified business model enables operations to be carried out primarily with a cell phone and app (repairs and maintenance being the primary exceptions). Rents are all-inclusive and utilities average $90/month/unit. Foam insulation, double-pane windows, and mini-splits ACs keep energy costs low. (Units are individually metered for electricity, offering the opportunity for separate billing, if preferred.) Eight gas-powered tankless water heaters on four meters service the entire complex, including a digital-pay, income-producing laundry room. A Starlink internet hub provides WIFI throughout. Security and safety features include gated entry, surveillance cameras, keyless unit entry, privacy fence in back, smoke & carbon dioxide detectors, fire alarm system and in-unit sprinklers.
Located in Savannah's growing mid-town, The Greys is 0.5 miles from the SCAD (Savannah College of Art & Design) Industrial Design Complex and Gulfstream Center for Design, 1.2 miles from the Starland Art District (heralded in the New York Times for its creative vibe), and 1.8 miles to Savannah's Landmark District, internationally recognized for architecture, restaurants, nightlife, galleries, museums and the bustling Riverfront. The Greys are a short drive to Rt 516 (1.6 miles) and Rt 16 (1.4 miles) allowing commutes to Gulfstream Aerospace, the Savannah/Hilton Head International Airport, Ports of Georgia & JCB. Other employers to the east include Memorial and St. Joseph/Candler Hospitals (2.5 miles) & Southside (2.3 miles) with thousands of businesses, including grocery store chains, retail shops, automobile dealerships, teaching institutions, and more. Hospitality jobs are both Downtown & throughout the area.
Location
State GA
County Chatham
Zoning TB
Direction From Montgomery St and Victory Dr: Head south on Montgomery, go 0.3 miles to Exchange St and bear right. Go 0.2 miles, then turn right onto W. 52nd St. Property is 0.2 miles on the left.
Interior
Heating Electric, Other
Cooling Electric, Other
Furnishings Furnished
Window Features Double Pane Windows
Appliance Dishwasher, Freezer, Disposal, Gas Water Heater, Microwave, Oven, Plumbed For Ice Maker, Range, Refrigerator, Range Hood
Laundry Laundry Room
Exterior
Exterior Feature Fence
Utilities Available Underground Utilities
View Panoramic
Roof Type Composition
Building
Foundation Slab
Water Public
Architectural Style Other, Traditional
Level or Stories 1
Structure Type Fence
Others
Tax ID 2055606012
Acceptable Financing Cash, 1031 Exchange, Other
Listing Terms Cash, 1031 Exchange, Other
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/sav/SA361950
Nearby Locations
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