$1,595,000 8 T.s. Chu Terrace Tybee Island, GA

MLS: 304743   Type: Multi-Family   County: Chatham   City: Tybee Island   Zip: 31328   Style: MultiFamily     Stories: 2   Taxes: $13,931

Mortgage $7,488 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

6

5

0

2,640

5,663

1930

Rare chance to acquire a commercially zoned, fully renovated historic STVR property comprising five units in a prime location steps away from Tybee's renowned "South End". This remarkable property is walking distance of restaurants, shopping, bars, the Tybee Pier, and beach access. Undergoing a comprehensive historic renovation in 2014 and new furnishings in 2021, this is a turnkey opportunity. Notable features include: ample parking, fully sprinkled interior, accessible ramp, durable metal roof, and newer HVAC units. Currently functioning as an active vacation rental, the building consists of four 1-bed/1-bath units and one 2-bed/1-bath unit. Each unit has access to a breezy covered porch and common areas including outdoor shower, grilling area and laundry room. Don't miss out on this amazing investment opportunity on Tybee Island!

Elementary School

Middle School

High School

Maritime
Distance: N/A Miles
Coastal
Distance: 8.15 Miles
Islands
Distance: 8.15 Miles

Price History

2/8/2024 Listed $1,595,000

Accessibility AccessibleApproachwithRamp
Additional Parcels Y/N N
Appliances ElectricWaterHeater, Microwave, Oven, Range, RangeHood, Dryer, Refrigerator, Washer
Associationname2 Tybee Vacation Renta
Attached Garage N
Carport Y/N N
City Tybee Island
Community Features Beach, Shopping, StreetLights
Construction Materials Block, WoodSiding
Cooling CentralAir, Electric, WallUnits
County Chatham County
Directions Take Hwy 80 until it turns into Butler Ave. Follow Butler to the South end of Tybee. Turn left towards the beach on T.S. Chu Terrace, and the property will be on your left.
Disclosures LicensedVacationRental
Elementary School Maritime
Expected Active Date 2024-02-05
Exterior Features Balcony, OutdoorGrill, Porch
Garage Y/N N
HOA / Comm Assn N
Heating Central, Electric, WallFurnace
High School Islands
Home Warranty Y/N N
Interior Features CeilingFans
Land Lease Y/N N
Lease Considered Y/N N
Lease Renewal Y/N N
Legal Description LT 5 SUB LT 104 WARD 5 TYBEE ISLAND
Lot Size Square Feet 5663.0
Middle/Junior High School Coastal
Mobilehomeremainsyn N
New Construction N
Other Structures Storage
Patio/Porch Features Balcony, FrontPorch, Porch
Percent Ownership Investor
Possession CloseOfEscrow
Private Pool N
Property Attached Y/N N
Property SubType MultiFamily
Property Type ResidentialIncome
Rent Control Y/N N
Roof Metal
Senior Community Y/N N
Sewer PublicSewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name T.S. Chu
Tax Annual Amount 13931.0
Tax Lot 5
Tax Year 2023
Total Units 5
Utilities CableAvailable, UndergroundUtilities
View Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/sav/304743
Waterfront Features BeachAccess
Waterfront Y/N N
Year Built 1930
Zoning C1
Zoning Description Commercial, Multi Family

Interior Features

Air Conditioning Y/N Y
Basement (Y/N) N
Electric On Property Y/N N
Fireplace Y/N N
Flooring Hardwood, Tile
Full Baths 5
Furnished Y/N Furnished
Half Baths 0
Heating Y/N Y
Laundry Features LaundryRoom
Livingareasource Assessor
Street Suffix Terrace
Total Baths 5
Total Bedrooms 6
Total Stories 2

Exterior Features

Crops Included Y/N N
Fencing Wood, YardFenced
Foundation Details Block
Horse Y/N N
Inclusions Alarm-Smoke/Fire, Ceiling Fans, Dryer, Refrigerator, Washer
Irrigation Water Rights Y/N N
Lot Features InteriorLot, Level
Lot Size Acres 0.13
Lot Size Area 0.13
Lot Size Units Acres
Number of Pads 6
Open Parking Y/N N
Parking Features OffStreet
Road Surface Type Asphalt
Spa N
Water Source Public

Property Schools



Direct Link:

https://www.savannahrealestatecompany.com/property/52-304743-8-t-s-chu-terrace-tybee-island-GA-31328

Gallery (48 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (31328)

Price 1.59M Avg 1.82M

Sqr Feet 2,640 Avg 3,465

Cost / Sqr Ft $604 Avg $528

Taxes $13,931 Avg $10,972

Acres 0.13 Avg 0.27

Visits 14 Avg 286

Days on Site 18 Avg 58

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Listed By: Savannah Real Estate Company




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Location & Address

SavannahRealEstate.com
331 Tattnall St
Savannah , GA
912-662-8242
(912) 335-5851