For Sale
$265,000

1218 59Th StSavannah, GA 31404

Updated Savannah bungalow, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
119
This charming, single-family home in Savannah, Georgia, presents a compelling investment opportunity. Located at 1218 E 59th St, this 1,153 square foot bungalow sits on a 0.13-acre lot and boasts a fully renovated kitchen and bathrooms. The kitchen features contemporary stainless-steel appliances and minimalist cabinetry, while the bathrooms include stylish fixtures such as rainfall showerheads and floating vanities. Built in 1952, this one-story, Class A property is zoned RSF-5 (Residential Single-family-5) and offers convenient access to downtown Savannah, major hospitals, and Tybee Island. The property's projected cap rate is 8%, offering strong potential for rental income. The home is currently listed for $265,000 and is a turnkey property, ready for immediate occupancy, making it ideal for both personal use and rental purposes. Median rents in the area are approximately $2,500, further enhancing its investment appeal. The property's APN is 20097 40010. This meticulously updated home combines modern amenities with a classic Savannah charm, making it a highly desirable property in a prime location. The neutral color palettes and high-quality materials create a tranquil and stylish living space. This is a rare opportunity to acquire a well-maintained, high-yield investment property in a thriving Georgia market.

Highlights

  • Modernized kitchen and bathrooms with contemporary fixtures and finishes.
  • Minutes from downtown Savannah, major hospitals, and Tybee Island.
  • Projected 8-10% cap rate; median rents around $2,500.
  • Suitable for family residence or long/mid-term rental.
  • Turn-key property, ready for immediate occupancy.

Property Details for 1218 59Th St

Property type
Residential income homes
Square Feet
1,153 SF
Class
A
Year Built
1952
Buildings
1
Stories
1
Lot Size (sq. ft)
5,663 SF
Units
1

Location Insight

City
Savannah
County
Chatham
State
Georgia
Latitude
32.034936028294
Longitude
-81.087912845755
1218 59Th St, Savannah, Georgia

FAQs

What type of property is this?
Residential income home - Updated Savannah bungalow, strong rental income.
Where is the residential income home located?
The property is located at 1218 59Th St Savannah, GA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Modernized kitchen and bathrooms with contemporary fixtures and finishes.; Minutes from downtown Savannah, major hospitals, and Tybee Island.; Projected 8-10% cap rate; median rents around $2,500.
How can I contact the broker?
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1218 59Th St
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