Stanton Inn | 1103 Ocean Blvd
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Stanton Inn 1103 Ocean Blvd
4 Unit Apartment Building $2,390,000 ($597,500/Unit) Saint Simons Island, GA 31522
Investment Highlights
- One block from the beach
- Very consistent revenue
- Turn key, high-quality furnishings included
Executive Summary
Offered for sale, a historic St Simons Island quad-plex, currently used for long and short term rentals. This property has received several substantial refreshes since it's purchased in 2017 and has shown very consistent annual revenue. Property taxes are "reasonable" due to the depreciation factor of the house. Flood and hazard insurance are around $8k annually.
Apt A = 1bed 1 bath
Apt B = 1bed 1 bath
Apt C = 1bed 1 bath
Apt D = 2 bed 2.5 bath
Sale to include furnishings, business supplies and infrastructure. A true turn-key income property. All apartments are built to be quickly convertible between long-term and short term.
GRM quoted net of platform fees(~3%) and occupancy tax(~12%).
All prospective buyers must provide financial pre-qualification before inquiry. Limited in person showings available as this is an active business.
Buyer's agent compensation negotiable.
Apt A = 1bed 1 bath
Apt B = 1bed 1 bath
Apt C = 1bed 1 bath
Apt D = 2 bed 2.5 bath
Sale to include furnishings, business supplies and infrastructure. A true turn-key income property. All apartments are built to be quickly convertible between long-term and short term.
GRM quoted net of platform fees(~3%) and occupancy tax(~12%).
All prospective buyers must provide financial pre-qualification before inquiry. Limited in person showings available as this is an active business.
Buyer's agent compensation negotiable.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,390,000 | Apartment Style | Low Rise |
| Price Per Unit | $597,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 10.62 | Building Size | 3,250 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Price | $2,390,000 |
| Price Per Unit | $597,500 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,250 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.84/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 4 | - | - |
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zoning
| Zoning Code | R6 (Residential) |
| R6 (Residential) |
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Stanton Inn | 1103 Ocean Blvd
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