Bought with Teresa Cowart • Re/Max Accent
$100,000
$119,500
16.3%For more information regarding the value of a property, please contact us for a free consultation.
505 Little Neck RD Savannah, GA 31419
4 Beds
2 Baths
1,586 SqFt
Key Details
Sold Price $100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,586 sqft
Price per Sqft $63
Subdivision Little Neck Plantation
MLS Listing ID 10325971
Sold Date 07/29/24
Style Ranch
Bedrooms 4
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1989
Annual Tax Amount $512
Tax Year 2023
Lot Size 10,454 Sqft
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
Location
State GA
County Chatham
Rooms
Basement None
Main Level Bedrooms 4
Interior
Interior Features Other
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Flooring Other
Exterior
Garage Attached
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Metal
Building
Story One
Sewer Septic Tank
Level or Stories One
Construction Status Fixer
Schools
Elementary Schools Southwest
Middle Schools Southwest
High Schools New Hampstead
Others
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Financing Cash
Special Listing Condition Agent/Seller Relationship, As Is
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