1218 E 59th Street
Savannah, GA 31404
- 3 beds
- 2 baths
- 1,153 sqft
- 5,502 sqft lot
- $208 per sqft
- 1952 build
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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.
Last checked:
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Last updated Nov 22, 2024
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MLS# 319859 —
The Building
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Year Built:1952
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Construction Materials:StickBuilt
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Architectural Style:Traditional
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Stories Total:1
Interior
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Laundry Features:Other
Room Dimensions
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Living Area:1,153 Sqft
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Living Area Source:Other
Location
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Directions:Head west on Eisenhower Dr toward Mac Arthur Dr. Turn Right onto Waters Ave and head towards Derenne Ave. Turn Right on E 59th Street. Destination will be on the left.
The Property
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Property Attached:false
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Parcel Number:2009740010
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Zoning:R6
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Lot Size Area:0.1263
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Lot Size Acres:0.1263
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Lot Size SqFt:5502.0
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Lot Size Units:Acres
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Waterfront:false
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Water Source:Public
Listing Agent
- Contact info:
- Agent phone:
- (912) 433-1072
- Office phone:
- (912) 356-5001
Taxes
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Tax Year:2023
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Tax Annual Amount:1557.0
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Tax Lot:16
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Tax Legal Description:PT OF LOTS 16 & 18 BLK O WILKINS WD
Beds
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Bedrooms Total:3
Baths
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Full Baths:2
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Total Baths:2
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,Electric
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Cooling:true
Utilities
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Sewer:PublicSewer
Appliances
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Appliances:ElectricWaterHeater
The Community
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Association:false
Parking
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
|
Sold | SMLC | $240,000 | -9.4% |
|
10/25/24
Oct 25, 2024
|
Pending | SMLC | $265,000 | |
|
10/15/24
Oct 15, 2024
|
Relisted | SMLC | $265,000 |
