1103 Ocean Blvd - Apartments FOR SALE


Saint Simons Island, GA 31522
$2,390,000 USD
912-634-8338
1103 Ocean Blvd, Saint Simons Island, GA for Sale
$2,390,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

1103 Ocean Blvd
Saint Simons Island, GA 31522


HIGHLIGHTS

  • One block from the beach
  • Turn key, high-quality furnishings included
  • Very consistent revenue

OVERVIEW

Offered for sale, a historic St Simons Island quad-plex, currently used for long and short term rentals. This property has received several substantial refreshes since it's purchased in 2017 and has shown very consistent annual revenue. Property taxes are "reasonable" due to the depreciation factor of the house. Flood and hazard insurance are around $8k annually. Apt A = 1bed 1 bath Apt B = 1bed 1 bath Apt C = 1bed 1 bath Apt D = 2 bed 2.5 bath Sale to include furnishings, business supplies and infrastructure. A true turn-key income property. All apartments are built to be quickly convertible between long-term and short term. GRM quoted net of platform fees(~3%) and occupancy tax(~12%). All prospective buyers must provide financial pre-qualification before inquiry. Limited in person showings available as this is an active business. Buyer's agent compensation negotiable.

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$735 USD /SF

# OF UNITS

4

PRICE/UNIT

$597,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stanton Inn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R6

APN/PARCEL ID

04-03818

ASK ABOUT THIS PROPERTY

Wesley JoinerVisitssi LLCMore Info
912-634-8338

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Wesley JoinerVisitssi LLCMore Info
912-634-8338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.