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123 E 55th Street

Savannah, GA 31405
  • $775,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • MLS #: 277065
Under Contract
UPDATED: 18 min ago
$775,000
  • 6
    BEDS
  • 0.2
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,125
    SQFT
  • $248
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1923
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Duplex 3/1 up and 3/1 down, plus 2 bonus glass porch areas per unit, 1 off the Kitchen and 1 off Living Room in each unit. Est completion 60 days ish. New roof, plumbing, electrical, AC, Spray foam in walls and attic, Kitchens, Baths. Windows and floors are currently being rebuilt/refinished. Rendering of kitchen is close, it will be side by side stainless fridge and appliances, Island will be turned sideways from rendering with Bar seating. Estimated income is at 84k a year for both units total, which gives an 11.2% Cap Rate long term rental. Time still allows buyer to pick wall color and floor stain for a very limited time. Cabinets and counters are already ordered and waiting to be installed after tile is laid in kitchens. Please note there is still a lot of work currently being done. Live in 1 rent the other to cover your mortgage or rent both for income production. Showing may start now but keep in mind this is an active construction zone. Nobody permitted without an Agent.

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© 2022 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Teresa Cowart Team | RE/MAX Accent. Real estate listings held by brokerage firms other than Teresa Cowart Team | RE/MAX Accent are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-05T12:07:55.033.

www.teresacowartteam.com/homes/133260544
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123 E 55th Street Savannah, GA 31405

  • Price: $775,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 18 min ago
  • MLS #: 277065
6
Beds
2
Baths
0
½ Baths
0.2
Acres
3,125
SQFT
$248
$/SQFT
1923
Built
Neighborhood:
Ardsley Park
County:
Chatham
Area:
Savannah
Elementary School:
Jg Smith Elem
Middle School:
Myers Middle
High School:
Beach High
Property Description
Duplex 3/1 up and 3/1 down, plus 2 bonus glass porch areas per unit, 1 off the Kitchen and 1 off Living Room in each unit. Est completion 60 days ish. New roof, plumbing, electrical, AC, Spray foam in walls and attic, Kitchens, Baths. Windows and floors are currently being rebuilt/refinished. Rendering of kitchen is close, it will be side by side stainless fridge and appliances, Island will be turned sideways from rendering with Bar seating. Estimated income is at 84k a year for both units total, which gives an 11.2% Cap Rate long term rental. Time still allows buyer to pick wall color and floor stain for a very limited time. Cabinets and counters are already ordered and waiting to be installed after tile is laid in kitchens. Please note there is still a lot of work currently being done. Live in 1 rent the other to cover your mortgage or rent both for income production. Showing may start now but keep in mind this is an active construction zone. Nobody permitted without an Agent.
Exterior Features

Architectural Style Traditional Foundation Details Raised Garage YN No Road Surface Type Asphalt Roof Asphalt

Interior Features

Appliances Electric Water HeaterRefrigerator Common Walls No Common Walls Cooling Central AirElectric Cooling YN Yes Fireplace Features DecorativeFamily Room Fireplace YN Yes Fireplaces Total 2 Green Energy Efficient Insulation Heating CentralElectric Heating YN Yes Interior Features Ceiling Fan(S)Pull Down Attic Stairs Laundry Features In Hall Rooms Total 0

Property Features

Association YN No Community Features ParkStreet LightsSidewalksTrails/Paths Inclusions Alarm-Smoke/FireCeiling FansRefrigerator Listing Agreement Exclusive Agency Listing Terms CashConventionalFhaVa Loan Lot Features AlleyCity LotPublic Road Property Attached YN No Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 2696 Tax Year 2021 Utilities Underground Utilities Water Source Public Waterfront YN No

Listing courtesy of Matthew Randolph of Lighthouse Realty Professionals: (912) 348-3158. © 2022 Savannah Multi-List Corporation. All rights reserved.


© 2022 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Teresa Cowart Team | RE/MAX Accent. Real estate listings held by brokerage firms other than Teresa Cowart Team | RE/MAX Accent are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-05T12:07:55.033.

 
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