Wilmington Island Assignment of Contract– Savannah, GA
Contract Price (PP): $255,000 • Rehab: $90k–$100k
Vacant • Access via Lockbox • All-electric • City water & sewer
Why this one works
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Great Wilmington Island neighborhood on a nice corner lot
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Full reno opportunity—reconfigure to maximize value
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Detached SFH, solid footprint, all utilities in place
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Vacant and easy to show (lockbox)
Comps (recent)
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302 Quarterman Dr — sold for $499,900 on 04-10-25
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109 Blue Heron Dr — sold for $490k on 05-29-25
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203 Quarterman Dr — sold for $435k on 06-02-25
Back-of-napkin (investor to verify)
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Comp avg ≈ $475k ARV
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PP $255k + mid-rehab $95k → ~$350k all-in (before costs)
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~$125k gross spread to ARV minus closing/holding/financing (buyer to confirm)
Updated Photos:
https://www.icloud.com/sharedalbum/#B1dGFqhgJGcyCBF
Access & Offers
Email jamaal@midgacashhomes.com or Call/Text 770-954-8347 to request the lockbox code and submit offers.
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