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Tybee Reserve 104 17th st 4 Unit Apartment Building $5,395,000 ($1,348,750/Unit) 14.37% Cap Rate Tybee Island, GA 31328
Investment Highlights
- Short walk to Tybee Beach, Pier & Pavilion, and local dining/retail.
- Modern open-concept layouts, 12-ft ceilings, solid white oak flooring, Cambria quartz countertops, and designer lighting.
- Each unit offers multiple living areas, private balconies, and upscale finishes.
- Projected annual revenue of $775K+ with strong STVR demand.
- Heated saltwater pool with paver lounge deck in a private courtyard.
- Keyless entry systems, sound-deadening insulation, and energy-efficient construction.
Executive Summary
Tybee's LARGEST 4 Unit Development the "Tybee Reserve" is a total of 22 Bedrooms, 19 Full Bathrooms & 2 Half Bathrooms, spanning 9382sqft. Zoned Commercial & Can Qualify for Residential Financing! STVR Eligible Property on the South End of Tybee Island with an Annual Projected Income of $775K+, the “Tybee Reserve” offers 4 Three Story Luxury Attached Single Family Units Sold as One Property! Each Unit offers Open Concept Layouts, 12 Foot Ceilings, Full Kitchens, Multiple Living Spaces, Washer + Dryer, Sound Deadening Spray Foam, Secure Keyless Entry & Dedicated Parking w/2 Car Garages + Driveways for 2-3 Additional Parking Spaces. Brand New Interiors feature 3 ¼ Solid White Oak Hardwood Flooring, Custom Kitchens w/Cambria Luxury Series Quartz, Designer Lighting + Large Windows throughout. Central Resort Style Outdoor Courtyard Includes a Private Heated Saltwater Pool w/Shell Lock Paver Lounge Deck. Unit A: 4BR/4BA w/Office, perfect for Bunk Setup, creating Occupancy for up to 12 Guests. Unit B: 6BR/5.5BA w/an Occupancy of up to 14 Guests. Unit C: 6BR/5.5BA w/Bunk Room off Main Level Bedroom, creating Occupancy for up to 16 Guests. Unit D: 6BR/5BA w/an Occupancy of up to 14 Guests. All Units Feature French Doors open to Neighborhood Views. Unit C+D Offers Oversized Sliding Glass Doors leading to Balcony w/Pool Views. Every Detail, from Modern Fixtures to High-Quality Finishes, has been carefully chosen to provide Upscale Comfort and Style. X FLOOD ZONE! Flood Insurance is Not Required. Just a Short Walk to the Beach, Pier + Pavilion, Tybrisa Dining + Retail. *Furniture is NOT Included in the Sale* Seller is an LLC with a member who is a licensed real estate agent in the State of Georgia.
Property Facts
| Price | $5,395,000 | Property Subtype | Apartment |
| Price Per Unit | $1,348,750 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 14.37% | Building Size | 11,632 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | C-1 - Zoned Commercial & Can Qualify for Residential Financing! STVR Eligible Property on the South End of Tybee Island w/Annual Projected Income of $775K+! | ||
| Price | $5,395,000 |
| Price Per Unit | $1,348,750 |
| Sale Type | Investment |
| Cap Rate | 14.37% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Building Size | 11,632 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | C-1 - Zoned Commercial & Can Qualify for Residential Financing! STVR Eligible Property on the South End of Tybee Island w/Annual Projected Income of $775K+! |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Den
- Family Room
- Freezer
- Island Kitchen
- Office
Site Amenities
- Courtyard
- Pool
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 1 | - | - |
| 6+5 | 3 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4000818001 | Improvements Assessment | $15,040 |
| Land Assessment | $192,520 | Total Assessment | $207,560 |
Property Taxes
Parcel Number
4000818001
Land Assessment
$192,520
Improvements Assessment
$15,040
Total Assessment
$207,560
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Tybee Reserve | 104 17th st
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