1989 Single Family Residence, Ranch,Manufactured House - Savannah, GA for Sale 505 Little Neck Road, Savannah, GA 31419
Off Market
- 4 Bedrooms
- 2 Bathrooms
- 1,586 sqft
1989 Single Family Residence, Ranch,Manufactured House - Savannah, GA for Sale 505 Little Neck Road, Savannah, GA 31419
Off Market
- 4 Bedrooms
- 2 Bathrooms
- 1,586 sqft
- Price:
- Rooms: 4 bed(s), 2 bath(s)
- Home Area: 1,586 sqft
- Model: 1989
- Property ID: 6428469
- Posted On: Jun 26, 2024
- Updated On: Aug 1, 2024
Mobile Home 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
Listing Status: Active Under Contract
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Original Listing