SOLDFEB 23, 2024
307 W 36th St
Savannah, GA 31401
Metropolitan
11 Beds
8 Baths
4,613 sqft
- 11 Beds
- 8 Baths
- 4,613 sqft
$2,080,000
Last Sold: Feb 23, 2024
5% below list $2.2M
$451/sqft
Est. Refi. Payment $12,546/mo*
$2,080,000
Last Sold: Feb 23, 2024
5% below list $2.2M
$451/sqft
Est. Refi. Payment $12,546/mo*
11 Beds
8 Baths
4,613 sqft
Homes for Sale Near 307 W 36th St
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Local Information
© Google
-- mins to
Commute Destination
Description
This property is no longer available to rent or to buy. This description is from February 26, 2024
This is a rare opportunity to purchase a fully stabilized core plus multifamily asset in the heart of Savannah's Stalrand/Thomas square neighborhood. The Starland district is the new place to be: young professionals, art students, military officers, and all manner of local Savannians come to Starland to live, work, and play - and they pay a premium to do so. 307 W 36th was totally renovated in 2018 and went through a management value-add over the past year: rents were stabilized to market with well-qualified 12+ month tenants, unnecessary expenses cut, and deferred maintenance performed. Now the owners are ready to deliver this asset to the discerning buyer seeking easy cash flow and appreciation over the next few years as the Starland district and the Savannah MSA in general continues to grow well in excess of the rest of the nation. Offered at a 6.5% going-in capitalization rate and unlevered IRR/EM at year 7 of 13.8%/2.2x, clean Phase II ESA in hand. Financials upon request.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$451/sqft
Listed
180+ days ago
Home Details for 307 W 36th St
Active Status |
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MLS Status: Closed |
Interior Features |
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Beds & Baths Number of Bedrooms: 11Number of Bathrooms: 8Number of Bathrooms (full): 8 |
Dimensions and Layout Living Area: 4613 Square Feet |
Appliances & Utilities Utilities: Underground UtilitiesAppliances: Electric Water Heater |
Heating & Cooling Heating: Central,ElectricHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Central |
Levels, Entrance, & Accessibility Number of Stories: 3 |
Exterior Features |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Property Information |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Frame, Vinyl Siding, Wood SidingNot Attached Property |
Property Information Parcel Number: 2006508003 |
Price & Status |
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Price List Price: $2,200,000Price Per Sqft: $451/sqft |
Location |
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Direction & Address City: Savannah |
HOA |
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Association for this Listing: Savannah Multi-List CorporationNo HOA |
Lot Information |
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Lot Area: 7013.16 sqft |
Listing Info |
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Special Conditions: Standard |
Offer |
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Contingencies: Due Diligence, FinancingListing Terms: Cash, 1031 Exchange |
Compensation |
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Buyer Agency Commission: 2.4Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Investor |
Miscellaneous |
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Mls Number: 291445 |
Last check for updates: about 14 hours ago
Listed by Patrick Wilver, (724) 674-7652
Eighteen O'Two Realty LLC
Bought with: Wynn Martin, (912) 220-9806, Eighteen O'Two Realty LLC
Originating MLS: Savannah Multi-List Corporation
Source: Savannah Multi-List Corp, MLS#291445
Price History for 307 W 36th St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/23/2024 | $2,080,000 | Sold | Savannah Multi-List Corp #291445 |
| 07/02/2023 | $2,200,000 | Listed For Sale | Savannah Multi-List Corp #291445 |
| 08/17/2022 | $1,625,000 | Sold | Savannah Multi-List Corp #268858 |
| 06/22/2022 | $1,899,000 | Contingent | Savannah Multi-List Corp #268858 |
| 05/27/2022 | $1,899,000 | PendingToActive | Savannah Multi-List Corp #268858 |
| 05/25/2022 | $1,899,000 | Contingent | Savannah Multi-List Corp #268858 |
| 05/13/2022 | $1,899,000 | Listed For Sale | Savannah Multi-List Corp #268858 |
| 09/15/2021 | $1,499,000 | Sold | Savannah Multi-List Corp #254820 |
| 08/14/2021 | $1,499,000 | Contingent | Savannah Multi-List Corp #254820 |
| 08/11/2021 | $1,499,000 | Listed For Sale | Savannah Multi-List Corp #254820 |
| 12/31/2012 | $200,000 | Sold | Savannah Multi-List Corp #100738 |
| 09/24/2012 | $275,000 | Listed For Sale | Agent Provided |
Comparable Sales for 307 W 36th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.31 | Multi-Family Home | $450,000 | 10/23/23 | 6 | 6 | 2,640 | |
0.08 | Multi-Family Home | $485,000 | 10/04/23 | 6 | 5 | 2,730 | |
0.14 | Multi-Family Home | $475,000 | 04/19/24 | 6 | 3 | 3,116 | |
0.36 | Multi-Family Home | $532,000 | 07/19/23 | 8 | 4 | 3,564 | |
0.52 | Multi-Family Home | $930,000 | 10/10/23 | 8 | 4 | 2,930 | |
0.44 | Multi-Family Home | $445,000 | 10/27/23 | 10 | 4 | 2,996 | |
0.18 | Multi-Family Home | $590,000 | 10/19/23 | 6 | 4 | 1,910 | |
0.50 | Multi-Family Home | $400,005 | 02/22/24 | 8 | 4 | 2,449 | |
0.25 | Multi-Family Home | $351,360 | 10/13/23 | 6 | 2 | 2,560 |
Assigned Schools
These are the assigned schools for 307 W 36th St.
- Derenne Middle School
- 6-8
- Public
- 652 Students
2/10GreatSchools RatingParent Rating AverageThis school was a disappointment to me when i called tonger information on my child . The person whom they transferred me to cut me off then got short tempered when I asked her to letMe finish first please and just said "hold" and transfered meTo a voicemail . Very disappointedParent Review6y ago - Gadsden Elementary School
- PK-5
- Public
- 484 Students
4/10GreatSchools RatingParent Rating AverageN/AOther Review15y ago - Beach High School
- 9-12
- Public
- 966 Students
2/10GreatSchools RatingParent Rating AverageThis school is a great school to attend my family are alumni at this school from my mom to my aunts and father attended Beach High School it was the best experience of schooling I had.Student Review5y ago 
Check out schools near 307 W 36th St.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Metropolitan
- Sungyueh L.
- Resident
- 4y ago
"emm.......The place is quiet but not all this area is as clean as the upper area. Maybe because of the old houses haven't been renovated. Some parts of Metropolitan are really tidy and looks want to live in. But feels not very safe most of the time. Sometime the neighborhood sitting in front of their houses that make me feel breath of life."
- Zendor0001
- Resident
- 5y ago
"sidewalks and dog friendly stores to go into. even a dog friendly brewery. not everyone cleans up their dogs waste"
- Lynn K.
- Resident
- 5y ago
"It’s close to downtown, and the biggest park here! Walking distance to restaurants and bars! You don’t have to have a car to get around. Lots of events happening "
- Suzannejackson
- Resident
- 5y ago
"I have lived in the neighborhood for twenty years. It keeps getting better. I love it! We know our neighbors and business owners by name and participate in block by block events,weekly and seasonally. The Neighborhood Association is well attended and active as community."
- Suzannejackson
- 11y ago
"Neighbors and businesses have been working together to continuously beautify, restore, and improve the area as a whole. This is a friendly multi-generational arts and cultural environment with a bakery, banks, a veterinarian, specialty cafes, boutiques, gourmet grocery within walking distance. "
LGBTQ Local Legal Protections
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 307 W 36th St
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Off Market Homes Near 307 W 36th St
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SOLDAPR 2, 2024- SOLDMAR 29, 2024
- SOLDMAR 25, 2024
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307 W 36th St, Savannah, GA 31401 is a 11 bedroom, 8 bathroom, 4,613 sqft multi-family built in 1900. 307 W 36th St is located in Metropolitan, Savannah. This property is not currently available for sale. 307 W 36th St was last sold on Feb 23, 2024 for $2,080,000 (5% lower than the asking price of $2,200,000).