424 E President Street
Property Description
"The White House" brought to you by Savannah Stays is a freestanding corner trust lot residence reimagined with a "historic modern" aesthetic. (c. 1810), this Federalist masterpiece stands as one of the few remaining "Double Federal" homes on Columbia Square and serves as the crown jewel within the historic district. A proven revenue powerhouse, the property has a verified track record of generating over $230,000 in annual gross revenue. The building features a grand upper home and a separate garden-level suite that can connect through a beautiful original staircase. This configuration caters to high-end travelers and large groups, propelling a 7.5% year-over-year revenue increase. A comprehensive renovation brought every system into the modern era, including new electrical, plumbing, and a sewer line. Notably, it is one of the few downtown homes featuring wall-to-wall heart pine without a single seam. Every bathroom is finished with elegant marble tiling, including a bespoke hand-painted bath by local artist Julia McGahee, whose custom murals also anchor the home's artistic soul. The private attic has been brilliantly converted into a kids' dreamland sleepover playroom. Lifestyle is at the forefront of the design, specifically in the sun porch-a favorite retreat for morning coffee or afternoon happy hour. The garden apartment defies the standard for historic rentals; it is bathed in natural light with windows banking the complete front and sides. Offered fully furnished with high-end designer furniture, the home provides an effortless, turn-key lifestyle. Convenience is integrated through a beautiful elevator and a iron motorized entry gate leading to private, on-site parking. Most significantly, the current owners successfully acquired 2 highly sought-after non-owner occupied STVR licenses following their closing, which will convey with the sale. This is a stabilized, high-yield asset defining the pinnacle of Savannah real estate.
Broker Details
Engel & Volkers 912-238-0874
MLS ID: CLICFAJ State License Number: 393967
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,275,000 |
| No. of Units: | 1 |
| Year Built: | 1810 |
| Lot Size: | 4,558.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $2,275,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 7 |
ID: 3yd-HIVEMLSNC-SA352767
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
716 Tess Street
Graniteville, South CarolinaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout