1218 E 59th ST Active Save Request In-Person Tour Request Virtual Tour
Savannah,GA 31404
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,153 sqft
Price per Sqft $229
MLS Listing ID 10380483
Style Traditional
Bedrooms 3
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1952
Annual Tax Amount $2,207
Tax Year 2023
Lot Size 5,662 Sqft
Property Description
The bungalow at 1218 E 59th St in Savannah, GA, offers significant income-producing potential, making it an attractive investment for those seeking a profitable real estate opportunity. With a projected capitalization rate of 8% to 10%, the property stands out in a competitive rental market where median rents within a 0.75-mile radius reach approximately $2,500. This high demand is fueled by its proximity to key locales like downtown Savannah, major hospitals, and Tybee Island, which not only ensures steady rental income but also increases the likelihood of property appreciation. Whether considering long-term or mid-term rental strategies, this property is poised to provide a robust return on investment, catering to a diverse pool of potential tenants and maximizing profitability for investors.
Location
State GA
County Chatham
Rooms
Basement None
Main Level Bedrooms 3
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Other
Exterior
Garage Carport,Garage,Off Street
Community Features None
Utilities Available Sewer Available,Water Available
Roof Type Concrete
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Updated/Remodeled
Schools
Elementary Schools Juliette Low
Middle Schools Myers
High Schools Jenkins