1314 2Nd Ave Tybee Island, GA 31328

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.