$2,995,000
Accepting Backup Offers

1312 Butler Avenue

Tybee Island, GA 31328
5831 sqft | 12 beds | 11 baths | 0.50 acres | #298298
Browse 50 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

This historic inn grosses over $386,000 in income and has eight (8) separate apartments. It was originally built in 1910 and has been a favorite vacation site for all the years since. The current owners bought the property in 2019 and began major renovation - all units were upgraded and new furnishings were placed - the entire front from Butler Ave. to the building has been placed with brick pavers, Landscaping and a turnaround with ample parking for all guests. A large inground pool has been added for additional pleasure that is heated and cooled. There is a 5 foot access easement to the ocean' There is a coin operated laundry as well as commercial ice dispenser. The units vary in size from efficiency to large 3 bedroom apartment (that could easily be owner's residence). This property is located in an "X" zone and flood insurance not required. Please check Desoto Beach rentals (Georgiann Inn) for more pictures of individual apartments.

  • Property Details
      • Utility FeaturesCableAvailable, UndergroundUtilities
      • Exterior MaterialsBalcony, Porch
      • Property TypeMulti-Family
      • InteriorCeilingFans
      • Lot DescriptionInteriorLot
      • Sewer InformationPublicSewer
      • Property SubtypeMultiFamily
      • Original List Price$3,300,000
      • Middle SchoolCoastal
      • High SchoolIslands
      • CountyChatham
      • Taxes Annual$13,107
      • Cost2995000
      • Utility SourcePublic
      • MLS #298298
      • MLS #298298
      • Square Feet5831
      • Year Built1910
      • Elementary SchoolTIMA
      • Acres0.5
      • Days on Market (Cumulative)459
      • Bedrooms12
      • Bathrooms11
      • Full Baths11
      • Parking Spaces13
      • Stories2

Location

Ricky EilermanReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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