3 2nd Terrace Street Tybee Island, GA ^$ 1,995,000

3 2nd Terrace Street

^$ 1,995,000

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3 2nd Terrace Street

Tybee Island, GA, 31328

^$ 1,995,000

Bedrooms5 Baths5.0 Sq 3,200

Monthly Estimate*

^$ 13,259

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Multi-Family Home for sale in Tybee Island, GA

for $1,995,000 with 5 bedrooms and 5 full baths. This 3,200 square foot home was built in 1935.

The Terraces has three (3) separate apartments and grosses over $250,000 annually. This location and accommodations have been a favorite for those wanting to escape to Tybee, enjoy the ocean and the view, and sit back and relax - this property is located one back with some pretty fantastic views that make you never want to leave - just steps from the beach crossover, this property has an elevator for convenience and parking for all three apartments. All units are upgraded as required and furnishing replaced to insure that their excellent occupancy rate continues - they average about 80% occupancy each year. Total renovation in 2006. Elevator to 2nd and 3rd level. Please check Desoto Beach rentals (The Terraces) for more pictures.

Multi-Family Active

Price

^$ 1,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Triplex

Year Built

1935

Town/City

Tybee Island

County/Region

Chatham

MLS | Web ID

298295

Features

General

Interior Features CeilingFans

Sewer PublicSewer

Heating Central Electric HeatPump WallFurnace

Cooling CentralAir Electric

Utilities UndergroundUtilities

Possession CloseOfEscrow

Roof Composition

Appliances SomeElectricAppliances ElectricWaterHeater Oven PlumbedForIceMaker Range Dryer Refrigerator Washer

Zoning R.T

Construction Materials Frame

Year Built 1935

Property SubType Triplex

Percent Ownership Investor

Accessibility NoStairs

County Chatham County

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Due Diligence

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Highway 80 East to Tybee - Go around sharp curve - turn (L) on 2nd Terrace - house 1 back from ocean on right.

High School Islands

City Tybee Island

Body of Water Atlantic Ocean

View Y/N N

Senior Community Y/N N

Zoning Description Multi Family

NumberOfUnitsTotal 3

Lot Size Units Acres

Lot Size Square Feet 0.0

Private Pool N

Waterfront Y/N N

Carport Spaces 4.0

Carport Y/N Y

Street Name 2nd Terrace

Listing Terms Cash Conventional Item1031Exchange

Elementary School TIMA

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Middle/Junior High School Coastal

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Property Sub Type Additional Triplex

Expected Active Date 2023-10-16

Legal Description Lot 6A Recombination of Lot 6 & Pt. of Lot 5 Sub Lots 19 & 20

Exterior

Parking Features Underground OffStreet

Lot Features Level

Water Source Public

Inclusions Alarm-Smoke/Fire Ceiling Fans Dryer Refrigerator Washer

Lot Size Area 0.0

Spa N

Lot Size Acres 0.0

Road Surface Type Gravel

Crops Included Y/N N

Road Responsibility PublicMaintainedRoad

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 5

Half Baths 0

Street Suffix Street

Laundry Features DryerHookup

Total Bedrooms 5

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 3

* Excluded Features

List By

Coldwell Banker Access Realty

Broker

terryoftybee@aol.com

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$13,259

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Monthly Principal & Interest: $13,259
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tybee Island, GA

Average List Price ^$1,317,125

Percent of Sale Price 34%

About Tybee Island, GA

3,029 Population

-11% Since 2002

^$75,647 Median Income

56.49 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2211286 Elementary School

298398 Middle School

Islands High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2024	$1,995,000	-11.33%	Price Down
10/16/2023	$2,250,000		Listed Price

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3 2nd Terrace Street, Tybee Island, GA, 31328 is a Multi-Family Home for sale at $1,995,000 with 3,200 sqft. 3 2nd Terrace Street has 5 bedrooms, 5.0 baths, and was built in 1935. The property's zip code is 31328 which is in Tybee Island, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation, and includes listings held by other brokerage firms. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

All information deemed reliable, but not guaranteed, and should be independently verified. All properties subject to prior sale, change, or withdrawl. Brokers shall not be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/5/2024.

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3 2nd Terrace Street

Multi-Family Home for sale in Tybee Island, GA

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