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140 Penn Sta, Savannah, Georgia 31410
$
3500
Bedrooms
5
Utilities Included
No
Bathrooms
2
Furnished
No
Available to Lease on
ASAP
Property Type
SQFT
1446
Key metrics
Rent
$
3500
Monthly Estimated Profit?
$
1,375
Annual Estimated Profit?
$
16,500
Acquisition Fee
$
2,500
Security Deposit
$
3500
Average Daily Rate
$
236
Occupancy
68%
Annual Revenue
$
58,500
Key Features

Property Description:
Welcome to your new home in a top-rated school district! This beautifully updated 5-bedroom, 2-bathroom residence blends classic charm with modern upgrades, offering a comfortable and inviting atmosphere for families or professionals. Located in a quiet, family-friendly neighborhood, this home provides quick access to local parks, shopping centers, and major highways—making daily errands and commuting a breeze.

Property Features:

  • 5 Bedrooms / 2 Bathrooms
  • Updated finishes throughout
  • Spacious living areas
  • Well-maintained exterior
  • Located in a highly sought-after school district
  • Easy access to local parks, shopping, and highways

Rental Terms:

  • Tenant responsible for electricity

STR Regulations Summary:  

Status:
Not STR Friendly

View Regulations Here

Savannah, Georgia has strict regulations for non-owner occupied short-term rentals (STRs). Here are the key points:

  1. Location restrictions: Non-owner occupied STRs are only permitted within the short-term vacation rental overlay district, which includes the Downtown, Victorian, and Streetcar local historic districts15.
  2. Cap on STRs: A 20% per-ward cap applies to non-owner occupied parcels in the Savannah Downtown Historic District and Victorian Historic District35. This means that if the cap has been reached in a specific area, new non-owner occupied STRs are not permitted1.
  3. Licensing: Property owners must obtain a Short-Term Vacation Rental (STVR) certificate before operating an STR1. This involves completing an application and verifying compliance with zoning regulations.
  4. Notification: New STR applicants must notify all adjacent property owners and provide specific information about the rental1.
  5. Occupancy limits: The maximum occupancy for non-owner occupied STRs is four adults for units with up to two bedrooms, and two adults per bedroom for units with three or more bedrooms3.
  6. Taxes: Hotel/motel taxes must be remitted for rentals of 90 days or less1.
  7. Parking: Information about on-site parking for STR occupants must be provided in the application1.
  8. Exemplar rental agreement: A sample rental agreement outlining occupant standards must be submitted with the application and posted in the property3.
  9. Violations: Non-compliance with these regulations can result in fines and potential revocation of the STVR certificate2.

It's important to note that these regulations are strictly enforced in Savannah, and the city has implemented measures to control the growth of the STR market, particularly for non-owner occupied properties1.

Property Location