2 Houses in Savannah Georgia Start Price USD 85,000.00 Current Price USD 85,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Thursday, November 27, 2008 End Time Saturday, December 27, 2008 Location Savannah, GA See more about '2 Houses in Savannah Georgia' Description  TWO HOMES IN SAVANNAH--HANDYMAN SPECIAL3 Bedrooms, 3 Baths eachProperty Value is $55,000 to 60,000.Owner will not go below this and will accept best offer above.This Auction is for an "AS IS" sale of two houses that need work in Savannah, Georgia. They are located on a CORNER LOT! The low town tax valuation is $144,000. When the homes are fixed they will be worth much more. The lot value alone is assessed at $55,000 - $60,000. A contractor has estimated repairs to put homes in condition to rent to be $60,000. If you are a contractor or handyman you could easily do these repairs yourself for $30,000 or less.So do the math...$144,000 - $60,000 = $84,000$144,000 - $30,000 = $114,000That is by the current tax valuation ($144,000) which will increase once they are fixed. They could sell extremely fast for $100,000 each..(X2) = $200,000. There are so many possibilities. For example, the lot is large and there is ample space for much off street parking, pool etc. You could apply for a waiver to subdivide and sell each of these houses for $140,000 each.There is a vacant and treed lot behind them. If this could be obtained there would be enough land to apply for a subdivision straight up.The Blue house has a fireplace that could be restored to working condition. It could be rented or made into a rooming house. They are located by stores and restaurants (within walking distance). The square footage is combined above but separately it is 1157 and 1440 respectively.Reason why I am selling:I need surgery and have no insurance. I bought these with the intention of living in one and renting the other. I was going to fix them myself but my health is declining. There has been damage to the houses since the pictures were taken. I suggest you look at them but the estimate is accurate. The electric is very updated as per what the Realtor that sold it to me stated. They were rented before I bought them.I bought these for all the reasons I listed above to get your attention. Since my Father brought me up in his remodeling business, I was very excited about this property.SO MAKE AN OFFER!! :DNote: Person pictured in house is not me. Place a Bid!