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Property profile & analytics

1314 2Nd Ave Tybee Island, GA 31328

  • Commercial real estate
  • 3,024 SF
  • 0.11 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-1507829
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1314 2Nd Ave

Year built
1930
Lot size
0.11 lot acres
Property size
3,024 SF
Property type
Commercial real estate
APN
40007 15013

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Tybee Island
County
Chatham
State
Georgia
Longitude
-80.84934632409
Latitude
31.995999965652
More about this property
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