1218 East 59th Street
$265,000
3
2
1,153
1,153
$230
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.
- Listed by Brandon Fargo • Keller Williams Coastal Area PP: (912) 433-1072 C: (912) 433-1072 bfargo@kw.com
Property Details for 1218 East 59th Street
Architectural Style
Traditional
WaterfrontNo
ZoningR6
LISTING UPDATED: 09/19/2024 05:13 PM
Property Details for 1218 East 59th Street
Status | Active |
---|---|
MLS # | 319859 |
Days on Market | 2 |
Taxes | $1,557 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mobile/Manufactured |
MLS Type | Residential / Manufactured Home |
Year Built | 1952 |
Lot Size | 0.13 AC / 5,502 SF |
County | Chatham County |
Building Information for 1218 East 59th Street
Stories1Residences-Year Built1952Lot Size0.13 AC / 5,502 SF
Property Information for 1218 East 59th Street
Property History for 1218 East 59th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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 | ||
Coastal Empire Montessori Charter School CharterK to 5 |
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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.