123 E 55th Street, Savannah, GA 31405

$775,000
6
BD
2
BA
3,125
SqFt
List Price
$775,000
MLS#
SAV-277067
Status
ACTIVE UNDER CONTRACT
Year Built
1923
Style
Traditional
Bedrooms
6
Bathrooms
2
Living Sq. Ft
3,125
Acres
0.20400000000000001
County
Chatham County
Subdivision
Ardsley Park

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.

Additional Information

Lot Features
City Lot, Public Road
Elementary School
JG Smith Elem
Middle School
Myers Middle
High School
Beach High
Heating
Central, Electric
Cooling
Central Air, Electric
Sewer
Public Sewer
Water
Public
Roof
Asphalt
Foundation
Raised
Appliances
Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Lighthouse Realty Professionals.