This beautiful property formerly known as Cohen's Retreat has unbelievable potential. 5.6 Acres in the city limits of Savannah, the main building has13,240 square feet with a commercial kitchen &areas upstairs are perfect for office space. The building has recently been updatedthroughout.There are some areas of raw spacefor a new owner to transition the property into desired features. The mainbuilding can easily be converted back into a retirement community and with the 16 one bedroom one bath apartments in the rear beingused as on-site living quarters and 2 commercial areas in the rear that are leased month to month. The apartments are currently rented month to month to full capacity,grossingover $10,000 per month.Total 22,658 sqftRenovated in 2007, at which time the following items were renovated, replaced &/or updated: Electrical, Plumbing, Sprinkled, HVAC, Security System and cosmetically At the time of the renovations the roof did not need to be addressed.The main building is vacant. The previous tenant paid $12,000 per month.There are 9 buildings on the rear of the property: 8 building are residential duplexes: 16 units $595 p/m 1 building is commercial duplex: 1 unit $300 p/m, 1 unit $500 p/m Commercial Kitchen leased to catering company $500/m Ground lease to tree service (park trucks on side by fence): $100 p/m Annual Expenses: Gas $12,500.00 Water $6,600.00 Insurance $14,000.00 County Tax $5,818.00 City Tax $5,816.00Please call today for more information and bringALL offers!
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