$495,000

129 Lewis Avenue

Tybee Island GA, 31328

Description

Home is beautifully maintained and recently renovated with three kitchens. In 2019 the home was turned into a vacation rental that can be rented multiple ways with lock off capability. From April to December the home grossed $75,000 in rental income and is expected to gross $100,000 in 2020. This house has been awarded and is being sold with a $175,000 transferable home lifting grant going to the new owner that never has to be paid back. Home recently appraised at $550,000 as it sits now. Once lifted the value would drastically increase. Leave as-is or use the lifting grant to turn it into one of the nicest homes on Tybee. Once lifted the entire lower level becomes a 2000 square foot garage large enough to hold boats and all of your toys. House comes with architectural plans including garages, screened porches, room layouts and a master bath to die for! Buy now, rent for Summer 2020, and lift starting November to be ready for 2021 rental season with losing very little income.

Details

MLS#217360
Sub-TypeResale
StatusActive
Year1954
Days On Site2

Features

SQ Feet2,850
Water FrontYes

Market Activity 31328

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Area Information

StateGA
CountyChatham County
CityTybee Island
Zip Code31328
AreaChatham County
Listing VS Median (in 31328)
Price:
$495,000
low | high
Med:
$446,000
59.89898989899% of Average
SqFt:
2,850
low | high
Med:
1,104
100% of Average
$ / SqFt:
$174
low | high
Med:
$405
83.060959978573% of Average
On Site:
2
low | high
Med:
75
2.666666666667% of Average
Listing Updated: 12/14/2019
MLS Number: 217360
Listing Provided By:
Summer Roberson  of  Savannah Real Estate Company