505 Little Neck Road, Savannah, GA 31419
- $100,000
- 4
- BD
- 2
- BA
- 1,586
- SqFt
- Sold Price
- $100,000
- List Price
- $119,500
- Status
- CLOSED
- Days on Market
- 2
- Closing Date
- Jul 29, 2024
- MLS#
- 10325971
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1989
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,586
- Lot Size
- 10,454
- Acres
- 0.24
- Subdivision
- Little Neck Plantation
Property Description
Investor Special! This 1586 sqft fixer-upper has 4 bedrooms and two bathrooms on a quarter-acre lot in a fast developing area. Could be flipped as a starter home or held as a rental to appreciate as the area develops. Potential to rezone as commercial. Solid Metal Roof approx 7 years old, Central Heat and Air 7.9% CAP rate: *$119.5k price plus $40k rennovation totaling $159.5k cost *$1400 monthly rent for $16.8k annually *2% per year maintenance/vacancy at $3.2k and tax+insurance at $1.2k *$16.8k-$4.4k)/159.5k = 7.9% cap rate 7.9% ROI plus any appreciation in the property value! Contact selling agent for access. Supra Ekey accessable
Additional Information
- Interior Features
- Other
- Property Description
- Ranch
- Flooring
- Other
- Appliances
- Electric Water Heater
- Heating
- Central, Electric
- Air Conditioning
- Ceiling Fan(s), Central Air, Window Unit(s)
- Stories
- 1 Story
- Levels
- One
- Parking
- Attached
- Elementary School
- Southwest
- High School
- New Hampstead
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Listing courtesy of Bouvette Properties. Selling Office: .
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