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2323 Downing Ave, Savannah, Georgia 31404
$
1475
Bedrooms
2
Utilities Included
No
Bathrooms
2
Furnished
No
Available to Lease on
Available Now
Property Type
Apartment
SQFT
884
Key metrics
Rent
$
1225
Monthly Estimated Profit?
$
1475
Annual Estimated Profit?
$
14700
Acquisition Fee
$
2500
Security Deposit
$
TBD
Average Daily Rate
$
182
Occupancy
182
Annual Revenue
$
32400
Key Features

16 units available for leasing.

Experience the best of both worlds the excitement of the city and the tranquility of a serene retreat. Residents enjoy resort-style living with access to a clubhouse, fitness center, swimming pool with a sun deck, and relaxing outdoor spaces like a gazebo and picnic area. With 24/7 maintenance, gated entry, and available washer and dryer rentals, this apartment offers a seamless and elevated living experience tailored for traveling professionals and corporate stays.

Property Features

  • Flexible Layouts: Choose from spacious 2-bedroom or 3-bedroom floor plans with modern finishes and central air conditioning.
  • Resort-Style Amenities: Enjoy the community swimming pool, sun deck, state-of-the-art fitness center, and resident clubhouse.
  • Outdoor Living: Beautifully landscaped grounds featuring a gazebo and picnic area perfect for relaxation.
  • Prime Location: Minutes from Savannah State University, Grayson Stadium, historic downtown, the beach, and Victory Square shopping.
  • Secure and Convenient: Gated community offering 24/7 on-site maintenance, an online rent payment portal, and a package acceptance program.

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