1314 2nd Ave - Apartments FOR SALE


Tybee Island, GA 31328- Outer Islands
$1,150,000 USD
912-433-1072
1314 2nd Ave, Tybee Island, GA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1314 2nd Ave
Tybee Island, GA 31328
Outer Islands


HIGHLIGHTS

  • Prime location - Blocks to Beach
  • Strong Rental Income Potential - $68k potential Gross Income
  • Turn Key Investment - Unit B Sold Furnished
  • High Demand Area
  • Versatile Market Appeal - Luxury Features
  • Modern Amenities

OVERVIEW

This exceptional investment opportunity on Tybee Island features a multi-unit property with impressive rental potential. The upper unit is a 3/2, recently rented for $3,500 per month, boasts heart pine floors, crown molding, and a luxurious master suite with private outdoor spaces. The lower unit is a 2/2 commanding a steady $2,200 per month, contributing to a robust pro forma annual income. Both units share access to a beautifully landscaped backyard with an outdoor shower and a deck, enhancing tenant appeal. Just blocks from the beach, this property promises a steady stream of rental demand, making it an ideal acquisition for investors seeking to capitalize on Tybee Island's vibrant rental market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

2

PRICE/UNIT

$575,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tybee Island Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,847 SF

ZONING

R-2

APN/PARCEL ID

4000715013

ASK ABOUT THIS PROPERTY

Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

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Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

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