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HEYWARD HOUSE OFFERING MEMORANDUM
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Heyward House
offering MeMoranduM
Heyward House
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EXECUTIVE SUMMARY
• Excellent location in highly sought-after neighborhood.• Walking distance to Forsyth Park, SCAD building,
coffee shops, and restaurants.• Adjacent to Kroger® and Dollar Tree.• Historic building fully renovated in 2013 retaining historic fabric.• Preservation Award given by Historic Savannah Foundation.• Office (with private bathroom) for rental or property manager.• Full-sized buildable lot currently used for parking.
Unit Mix3 spacious 4 bedroom/2 bathroom
2 large 3 bedroom/1 bathroom1 x 2 bedroom/1 bathroom
Heyward House 820 HabersHam street • 402 east bolton street
County Chatham
Zoning 1 – R (25-43 units peR net aCRe)
numbeR of units 6
numbeR of stoRies 3
total building siZe 11,010 squaRe feet
site aCReage 0.23
yeaR built 1911
oCCupanCy 100%
paRking stReet
hVaC 6 x CentRal units
WateR meteRs 6
eleCtRiC meteRs 6
CuRRent gRoss inCome $150,600
aVg. Rent (4 bR) $2,333
aVg. Rent (2 & 3 bR) $1,883
estimated taxes $19,100
list pRiCe $1,575,000
Historic Victorian District Multi-Family Opportunity
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820 Habersham St, Savannah, GA 31401Population for 3 Mile Radius
Copyrighted report licensed to CBT Commercial Realty/Cora Bett Thomas Realty - 395681.
DEMOGRAPHICS
20171 mile 2 miles 3 miles
Population 19,923 52,891 81,520
Total Households 8,788 20,872 31,957
Average Household Income $29,325 $30,405 $32,204
Average Age 34.7 35.4 36.4
INCOME & EXPENSESGross Rent
820 Habersham $84,600402-406 E Bolton $66,000
Total $150,600
ExpensesProperty Tax $19,018Insurance $7,057Repairs & Maintenance $7,286Management (10%) $13,894Utilities (common area) $1,128Cleaning $1,800Landscaping $2,700
Total $52,883
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MARKET OVERVIEW
SAVANNAH, GEORGIA
Established in 1733, Savannah is the county seat of Chatham County and is situated at the mouth of the Savannah River, near the South Carolina Border. Interstate 1-95 runs just west of the city while 1-16 and 1-516 run through the city. A major economic driver is the nation’s 4th largest port, the Atlantic seaport, which is currently being dredged to allow for Panamax ships. Savannah is Georgia’s fifth largest city and third largest metropolitan area.
MAJOR EMPLOYERS IN SAVANNAH
Gulfsream Aerospace Corporation Jet Aircraft, Aerospace Equipment
Memorial Health University Medical Hospital
Savannah-Chatham County Board of Public Schools Public Schools
Ft Stewart/ HAAF Civilian Personnel
St Joseph’s Candler Health Systems Hospital
City of Savannah Government
Savannah College of Art & Design Education
Chatham County Government
Georgia Port Authority Ship Terminal Operation
SouthCoast Medical Group Medical Care
Armstrong Atlantic State University Education
US Army Corps of Engineers Civil Engineering
Savannah State University Education
International Paper Paper Products, Chemicals, Corrugated Containers
Goodwill Industries of the Coastal Empire Adult Vocational Rehabilitation
JCB Americas, Inc Construction Equipment
Georgia Power Company-Coastal Region Electric Utility
Imperial Sugar Refined Sugar
Brasseler USA, Inc Dental Instruments
The Landings Club Private Club
Mitsubishi Power Systems Americas, Inc
Gas Turbines And Steam Turbines
CSX Railroad
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PLAT INFORMATION
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Bolton street elevation
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HaBersHaM street elevation
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HaBersHaM street elevation
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Courtyard CoMMon area
