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.