1218 E 59th Street Savannah, GA 31404
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.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountyChatham
- Taxes$2,207
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive Under Contract
- MLS ID Number10380483
- Home Size Source Public Records
- Year Built1952
- Lot Size0.13 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Traditional
- Construction Wood Siding
- Parking CarportGarageOff Street
- Sewer Public Sewer
- Basement None
- Number of Stories 1
- Acreage 0.13
- Water Public
- Property Sub Type Single Family Residence
- Utilities Sewer AvailableWater Available
- Property Condition Updated/ Remodeled
Interior Features
- Cooling Central Air
- Heating Central
- Appliances Cooktop
- Flooring Other
- Interior Other
- Fireplaces 0
- Laundry Features In Mud Room
Exterior Features
- Roof Concrete
- Lot City Lot
Community Features
- Community Features None