Manager takes huge loss after vacant house burns - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Manager takes huge loss after vacant house burns

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The manager of a vacant house that was destroyed by a fire said they are taking a loss of $200,000.

Mark Williams of G&W Properties, said they did not have insurance on their 38th Street property that caught fire Tuesday morning and where city officials have now ordered an emergency demolition.

"We are going to take a loss, maybe sell the land," said Williams.

Williams said he's been managing the property for more than 30 years and he still can't believe it's gone.

"It's pretty disappointing, it's a loss for Savannah," said Williams.

He said they had just finished renovating the house and had new tenants lined up to move in.

"We put a lot of money into this house," said Williams. "We had been working on it for months to get it ready to rent out."

Those plans went up in flames Tuesday morning, destroying the house and damaging the home next door.

The owner of the neighboring house, David Bradley, said he's not sad to see the property go.

"It's been vacant for a while and it's been in poor condition for a very long time," said Bradley.

Bradley has offered to buy the property before because he said it was such an eye sore. He said if the owner sells the empty lot, he'd consider making another offer.

"It is frustrating to have nice property in Savannah and to do what we do," said Bradley. "Landscaping and renovations on houses, only to have neighboring properties stay slum."

The vacant house is now scheduled for demolition Thursday morning.

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