SoldNov 21, 2024

Listed by Brandon Fargo from Keller Williams Coastal Area Partners

Bought with Tiffany Maxwell from BHHS Bay Street Realty Group

Source: Athens Area Association of Realtors #SA319859

1218 E 59th St, Savannah, GA, 31404

$240,000

3
2
1153 sq. ft.
5502 sq. ft.

SingleFam

•

21 days on the market

Sold: Nov 21, 2024

What's around 1218 E 59th St

About this property

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.

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