$760,000
$775,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
123 E 55th ST Savannah, GA 31405
6 Beds
2 Baths
3,125 SqFt
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,125 sqft
Price per Sqft $243
Subdivision Ardsley Park
MLS Listing ID 277067
Sold Date 12/14/22
Style Traditional
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1923
Annual Tax Amount $2,696
Tax Year 2021
Contingent Due Diligence
Lot Size 8,886 Sqft
Acres 0.204
Property Sub-Type Duplex
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.
Location
State GA
County Chatham County
Community Park, Street Lights, Sidewalks, Trails/Paths
Zoning R6
Interior
Interior Features Ceiling Fan(s), Pull Down Attic Stairs, Fireplace
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile, Hardwood, Tile, Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
Laundry In Hall, Laundry Room
Exterior
Community Features Park, Street Lights, Sidewalks, Trails/Paths
Utilities Available Underground Utilities
Water Access Desc Public
Roof Type Asphalt
Building
Lot Description City Lot, Public Road
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
Elementary Schools Jg Smith Elem
Middle Schools Myers Middle
High Schools Beach High
Others
Tax ID 2009414004
Ownership Investor
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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