1218 East 59th Street

Savannah, GA 31404

$265,000
Price
3
Beds
2
Baths
1,153 Sq. Ft.
$230 / Sq. Ft.
1,153
Sq. Ft.
$230
per Sq. Ft.

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...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.
  1. Listed by Brandon Fargo • Keller Williams Coastal Area P
    P: (912) 433-1072 C: (912) 433-1072 bfargo@kw.com

Property Details for 1218 East 59th Street

Architectural Style
Traditional
Waterfront
No
Zoning
R6
LISTING UPDATED: 09/19/2024 05:13 PM

Property Details for 1218 East 59th Street

StatusActive
MLS #319859
Days on Market2
Taxes$1,557 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMobile/Manufactured
MLS TypeResidential / Manufactured Home
Year Built1952
Lot Size0.13 AC / 5,502 SF
CountyChatham County

Building Information for 1218 East 59th Street

Stories1Residences-Year Built1952Lot Size0.13 AC / 5,502 SF

Property Information for 1218 East 59th Street

Summary
Location and General Information
  • County Or Parish: Chatham
  • City: Savannah
  • Directions: Head west on Eisenhower Dr toward Mac Arthur Dr. Turn Right onto Waters Ave and head towards Derenne Ave. Turn Right on E 59th Street. Destination will be on the left.
  • Latitude: 32.035164
  • Longitude: -81.087885
  • Postal City: Savannah
  • Unparsed Address: 1218 E 59th Street
  • State Or Province: GA
  • Postal Code: 31404
Taxes and HOA Information
  • Tax Annual Amount: $1,557.00
  • Tax Legal Description: PT OF LOTS 16 & 18 BLK O WILKINS WD
  • Tax Lot: 16
  • Tax Year: 2023
  • Association: No
  • Parcel Number: 2009740010
Parking
  • Garage: No
Property
Lot Information
  • Property Sub Type Additional: Manufactured Home
  • Living Area: 1,153.00
  • Living Area Source: Other
  • Lot Size Acres: 0.1263
  • Lot Size Area: 0.1263
  • Lot Size Square Feet: 5502.0
  • Lot Size Units: Acres
  • Stories Total: 1
Property and Assessments
  • CLIP: 2,190,676,879
  • Year Built: 1952
  • Property Attached: No
  • Property Sub Type: Manufactured Home
  • Property Type: Residential
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Laundry Features: Other
  • Rooms Total: 0
Rental
Rental Information
  • ListingTerms: Cash,Conventional,Item1031Exchange

Property History for 1218 East 59th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1218 East 59th Street

Taxable ValueLand$13,600Additions$39,720Total$53,320
Home Facts
Beds3Total Finished SqFt1,088 SqFtAbove Grade Finished SqFt1,088 SqFtStories1Lot Size5,502 SqFtStyleSingle Family ResidenceYear Built1952ZoningR6CountyCHATHAMAPN2-0097 -40-010

Schools near 1218 East 59th Street

This home is within Chatham County School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Tybee Island Maritime Academy
CharterK to 6

Myers Middle School
Public6 to 8

Jenkins High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1218 East 59th Street is a mobile/manufactured home for sale in Savannah, GA 31404. This property was listed for sale on September 18, 2024 by Keller Williams Coastal Area P, it's currently listed at $265,000. It has been on the market for a total of 2 days and was last sold on May 12, 2022. This listing's school district is Chatham County School District. Nearby schools include Tybee Island Maritime Academy, Myers Middle School and Jenkins High School. 1218 East 59th Street is a 3-bed, 2-bath, 1,153 sqft mobile/manufactured home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Coastal Area P

Based on information from one of the following Multiple Listing Services: Savannah Multi-List Corporation. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Savannah Multi-List Corporation is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.