NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
4,400 Sq Ft Lot

Last Sold February 08, 2019

Last sale price $645,000

2 Days on Market

Highlights

  • Window Unit Cooling System
  • Property is near shops
  • 2-minute walk to Park of Seven Flags
  • Howard Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of February 2019

Just steps from Tybee Beach and the Atlantic Ocean, one finds this historic, c.1930, 5 unit income property. Ideal for long or short term rentals, there are 4, 1 bedroom/1 bath units & one large upper studio with current rents all under market value. The wrap around porches & upper deck offer birds eye views of the ocean & Island. All porches have been built as outdoor living space and are very spacious. There is a large back yard with deck and plenty of sun. There is a community laundry room onsite. There are 5 parking spaces across the front & the left side drive can hold up to 2 more cars for a total of 7 car parking. This is a wonderful investment opportunity on Tybee Island.

Last Listed By

Liza DiMarco

Compass License #364345 Listed on: 01/10/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,386

Year Built

  • Built in 1938

Lot Details

  • 4,400

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Crawl Space

Parking

  • Carport
  • Off-Street Parking

Schools

  • Howard Elementary School
  • Coastal Middle School
  • Islands High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System

Additional Features

  • 4,400 Sq Ft Lot
  • Property is near shops

Listing and Financial Details

  • The owner pays for trash collection, sewer, water

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,080
  • Fuel Expense $106
  • Insurance Expense $6,813
  • Water Sewer Expense $2,382
  • Operating Expense $20,166
  • Gross Income $46,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,386

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1938
  • Financing Type: Other
  • Levels: Three Or More
  • Lot Size Acres: 0.101
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Carport, Off Street

Utilities

  • Cooling: Electric, Central Air, Window Unit(s)
  • Heating: Electric, Central
  • Laundry Features: Other
  • Utilities: Electricity Individual Meters, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Walk To Shopping

Fee Information

  • FuelExpense: 106
  • Water Sewer Expenses: 2382

Schools

  • Elementary School: Howard
  • High School: Islands
  • Middle School: Coastal
  • Elementary School: Howard
  • Middle School: Coastal
  • High School: Islands

Rental Info

  • Owner Pays: Trash Collection, Sewer, Water

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6386

Multi Family

  • ElectricExpense: 1080
  • GrossIncome: 46980
  • InsuranceExpense: 6813
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 20166

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $645,000 -11.0% --
01/12/2019 01/12/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $725,000 -- --
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 8507698

Georgia MLS