Thank you
Brandon Fargo
Keller Williams Coastal Area P
912-356-5001
Investors and savvy homeowners, take note: Introducing a prime investment opportunity in a highly desirable location. This all-brick home offers an upper unit with 2 bedrooms and 1 bathroom, a lower unit with 1 bed and 1 bath, and the potential to convert the existing workshop room into a third unit. This property is perfectly positioned to generate steady long term rental income, or the close proximity to Habersham Village, Memorial & Candler Hospital makes it an ideal choice for families, traveling nurses and more. The demand for such accommodations is robust, and this property's location is a standout advantage. Projected rents $6,494/m or $77,928/yr as a long term rental. Whether you go after the long term rentals or capture the executive rental market 405 E 56th St offers a versatile and lucrative opportunity. Seize the chance to tap into the thriving rental market, and explore the potential this property holds. Your next profitable venture awaits!
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Total beds : 4
Total Baths: 2
Full Baths: 2
Appliances : ElectricWaterHeater
Has Heating: Yes
Heating: Central,Electric
Has Cooling: Yes
Cooling: CentralAir,Electric
Year Built: 1942
Construction Materials : Brick
Private Pool : No
Main Square Feet: 0.207
Lot Size Acres: 0.207
Lot Size Square Feet: 9017
Original List Price: $510000
Cash,Item1031Exchange,Other,PrivateFinancingAvailable
Parcel Number: 2009607003
Tax Lot: 5
Tax Year: 2022
Annual Tax: $416
Tax Legal Desc: LTS 5, 6 & PT OF LT 7 BLK 7 NUGENT WARD
Direction: Headed South on Abercorn from HWY 80 Victory dr, turn left on 56th st. Pass Reynolds, home on right sign in yard.
WaterSource: Public
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
405 E 56th Street, Savannah, GA,31405 | $569,700 | 3 | 2 | 2,752 | 0.207 Acre |
116 E 66th Street, Savannah, GA,31405 | $439,900 | 3 | 3 | 1,450 | 0.21 Acre |
Pickens Street, Savannah, GA,31405 | $95,000 | -- | -- | -- | 0.2 Acre |
LOT33-35 BLK 36 Marion .., Savannah, GA,31405 | $95,000 | -- | -- | -- | 0.21 Acre |
302 E 46th Street, Savannah, GA,31405 | $2,300,000 | 7 | 6 | 9,595 | 0.22 Acre |
1018 W 45th Street, Savannah, GA,31405 | $75,000 | 3 | 1 | 1,253 | 0.072 Acre |
209 E 65th Street, Savannah, GA,31405 | $435,000 | 3 | 2 | 1,223 | 0.207 Acre |
209 E 65 Streets, Savannah, GA,31405 | $449,999 | 3 | 1 | 1,223 | 0.207 Acre |
302 E 46th Street, Savannah, GA,31405 | $2,300,000 | 7 | 6 | 9,595 | 0.22 Acre |
6 Jasmine Crossing, Savannah, GA,31405 | $375,000 | 3 | 3 | 1,902 | 0.06 Acre |
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ByOwner last updated this listing 05/17/2024 @ 14:46
MLS: 302422
LISTED BY: Brandon Fargo, Keller Williams Coastal Area P
SOURCE: Savannah Multi-List Corporation
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.