7 17th St, Tybee Island, Georgia 31328

$725,000
List Price
$725,000
Closing Date
Feb 08, 2019
MLS#
8507698
Status
Under Contract
Type
Multifamily
City
Tybee Island
County
Chatham
Year Built
1938

Property Description

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.

Additional Information

Elementary School
Howard
Middle School
Coastal
High School
Islands
Amenities
Sidewalks, Street Lights, Walk To Shopping
Lot Dimensions
4400
Laundry
Other (See Remarks)
Parking
Carport, Off Street
Water Sewer
Public Water, Sewer Connected
Heating Type
Central, Space Heater
Basement Type
Crawlspace
Cooling Type
Central, Window Units
Cooling Source
Electric
Energy Related
Water Heater-electric
Stories
Over 2 Stories
Annual Water
2382
Annual Gas
106
Annual Insurance
6813
Annual Gross Expense
20166
Annual Gross Income
46980
Annual Electricity
1080
Tax Year
2017
Tax Id
40009 03003
Taxes
$6,386
Construction
Brick 4 Sided, Brick/Frame
Heating Source
Electric
Special Conditions
Investor Owned
Utility Billing
Electricity Ind. Meters
Foreclosure
Yes

Listing courtesy of Cora Bett Thomas Realty Co.

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Calculator source: Real Geeks