505 Little Neck Road Savannah, GA 31419
Investor Special! This 1586 sqft fixer-upper has 4 bedrooms and two bathrooms on a quarter-acre lot in a fast developing area. Could be flipped as a starter home or held as a rental to appreciate as the area develops. Potential to rezone as commercial. Solid Metal Roof approx 7 years old, Central Heat and Air 7.9% CAP rate: *$119.5k price plus $40k rennovation totaling $159.5k cost *$1400 monthly rent for $16.8k annually *2% per year maintenance/vacancy at $3.2k and tax+insurance at $1.2k *$16.8k-$4.4k)/159.5k = 7.9% cap rate 7.9% ROI plus any appreciation in the property value! Contact selling agent for access. Supra Ekey accessable
- Property TypeSingle Family Home
- NeighborhoodLittle Neck Plantation
- CountyChatham
- Taxes$512
- HOA/Condo/Coop Fees$0
- Days on Site4 Days
- MLS StatusActive Under Contract
- MLS ID Number10325971
- Home Size Source Public Records
- Year Built1989
- Lot Size0.24 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Ranch
- Construction Vinyl Siding
- Parking Attached
- Sewer Septic Tank
- Basement None
- Number of Stories 1
- Acreage 0.24
- Water Private
- Property Sub Type Single Family Residence
- Utilities Electricity AvailableNatural Gas AvailableWater Available
- Property Condition Fixer
Interior Features
- Cooling Ceiling Fan(s)Central AirWindow Unit(s)
- Heating CentralElectric
- Appliances Electric Water Heater
- Flooring Other
- Interior Other
- Fireplaces 0
- Laundry Features In KitchenLaundry Closet
Exterior Features
- Roof Metal
- Lot None
- Patio And Porch DeckPorchScreened
Community Features
- Community Features None