1218 59Th St Savannah, GA 31404

Property Details for 1218 59Th St

Year built

1952

Lot size

0.13 lot acres

Property size

1,153 SF

Property type

Residential income homes

APN

20097 40010

Description

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.