GA > Savannah
Savannah, GA 31404,1218 E 59th ST
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Savannah, GA 31404,1218 E 59th ST
Savannah, GA 31404,1218 E 59th ST
Savannah, GA 31404,1218 E 59th ST
Savannah, GA 31404,1218 E 59th ST
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Josh Bacorn

Josh Bacorn

+1(404) 219-3229
Listed by Brandon Fargo • Keller Williams Realty Coastal
$ 265,000
Est. payment /mo
Save
Active

1218 E 59th ST Savannah, GA 31404

3 Beds

2 Baths

1,153 SqFt

UPDATED:

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

Georgia MLS (GAMLS)
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Josh Bacorn

+1(404) 219-3229

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1218 E 59th ST