Veterans United Realty
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1218 E 59th Street, Savannah, GA 31404

$265,000 Asking Price

3 beds
2 baths
1,153  sqft
Built in 1952

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.

Listing Status:
Pending
Date Added:
September 18, 2024 — 59 days ago
Listing Office:
Keller Williams Coastal Area P, Brandon Fargo (912-433-1072)
Office Phone:
912-356-5001
MLS ID:
319859

Features & Amenities

Interior

Appliances:
Electric Water Heater
Laundry:
Other
A/C:
true, Central Air,Electric
Heating:
true, Central,Electric

Exterior

Style:
Traditional

Construction

General:
Stick Built, 1

Location

Originating MLS:
SAV
County:
Chatham

Lot

Zoning:
R6, PT OF LOTS 16 & 18 BLK O WILKINS WD, 2009740010

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
SAV
Ownership:
Investor

This listing courtesy of:
Keller Williams Coastal Area P, Brandon Fargo

About Savannah, GA

Housing

Number of Units
106,219
Median Home Value
$251,572
Median Rent
$886

46.42% of housing units are renter occupied.

11.44% are vacant.

Commute

Car
71.95%
Public Transportation
2.46%
Walk to Work
2.93%
Work from Home
20.93%
Other
0.83%

The median travel time to work is 19 minutes.

People

Population
234,712
Median Age
37.30
Median Household Size
2.57

Education

High School
24.39%
Associate’s Degree
6.75%
Bachelor’s Degree
21.10%
Graduate Degree
13.00%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Homefront

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Copyright 2024 Savannah Multi-List Corporation. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last Updated: November 16, 2024 2:17 am.

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