1314 2Nd AveTybee Island, GA 31328

  • Residential income properties
  • 3,024 SF
For Sale
$1,150,000 View listing

Property Details for 1314 2Nd Ave

Year built
1930
Lot size
0.11 AC
Property size (Sq ft)
3,024 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional Tybee Island investment opportunity presents a charming, three-story duplex ideally situated just minutes from the beach. The property, built in 1930, boasts 3,024 square feet across two units on a 0.11-acre lot. Unit A, a two-bedroom, two-bathroom apartment, currently commands a monthly rent of $2,200. Unit B, a three-bedroom, two-bathroom unit, recently rented for $3,500 per month. Both units feature desirable amenities including heart pine floors, crown molding, modern kitchens with stainless steel appliances and custom cabinetry, and luxurious bathrooms. Unit B also includes a private screened porch and a spacious master suite with a marble-tiled walk-in shower. Shared outdoor spaces include a beautifully landscaped backyard with a deck and an outdoor shower. The property offers two parking spaces per unit and is zoned R-2 One and Two Family. With a current 50% occupancy, the property generates a pro-forma NOI of $51,410, representing a 4.47% pro-forma cap rate and a 5% cap rate. The asking price is $1,150,000, or $575,000 per unit, and the property is being sold turnkey with Unit B fully furnished. This turnkey investment presents a strong rental income potential in a high-demand area, promising both immediate returns and long-term appreciation. The property's location, luxurious features, and versatile market appeal make it an attractive option for discerning investors seeking a profitable venture in Tybee Island's vibrant rental market.

1314 2Nd Ave, Tybee Island, Georgia

Location Insight

City
Tybee Island
County
Chatham
State
Georgia
Latitude
31.996
Longitude
-80.8493

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].