Residential Income
111 Read Street Pooler, GA 31322
For Sale
$248,000
Duplex with updated kitchen in one unit, two bedrooms, and an additional rear unit with a workshop garage and extra buildable lot.
Property Size1,225 SF
Price / SF$202.45
Days on Market128
Property Features for 111 Read Street
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Ranch
Building Details
- Year Built
- 1940
Listing Agency:
Integrity Real Estate LLC
(912) 727-2920
Listed By:
Scott Shippy
Source:
Xome
Added: Mar 19
Changed: Jul 23
Last Checked: Jul 23 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Integrity Real Estate LLC
Investment Insights
Based on property information with market context.
This residential income duplex includes a front unit with a southern-style front porch and an updated kitchen. The front portion offers two bedrooms and one bathroom featuring an older bathtub. The rear unit includes one bedroom and one bathroom. Additional improvements include a workshop garage measuring approximately 40 feet by 4 feet (or possibly larger).
The property is located in downtown Pooler, originally built in the 1940s, off of Hwy 80.
There is enough land to separate and sell an additional buildable lot, providing flexibility alongside the existing duplex configuration.
The property is located in downtown Pooler, originally built in the 1940s, off of Hwy 80.
There is enough land to separate and sell an additional buildable lot, providing flexibility alongside the existing duplex configuration.
Key Highlights
- Duplex in downtown Pooler off Hwy 80, built in 1940
- 2/1 unit features an updated kitchen, plus 2 bedrooms and a bathroom with an old bathtub
- Rear unit is a 1‑bath layout (1 bathroom) connected as part of the duplex
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.8k | $16.20 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $18.6k | $15.15 |
| − OpEx | −$5.6k | −$4.54 |
| NOI | $13.0k | $10.60 |
1,225 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.6K
$162.4K – $216.5K
NOI $12,989 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,045 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$1.14M
$1.00M – $1.34M
NOI $80,139 @ 7.0% cap · market cap 32.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with updated kitchen in one unit, two bedrooms, and an additional rear unit with a workshop garage and extra buildable lot.
Where is this duplex located?
The property is located at 111 Read Street Pooler, GA.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Duplex in downtown Pooler off Hwy 80, built in 1940; 2/1 unit features an updated kitchen, plus 2 bedrooms and a bathroom with an old bathtub; Rear unit is a 1‑bath layout (1 bathroom) connected as part of the duplex
