3 2nd Terrace Street
Property Description
The Terraces is a very unique property located just one back from the ocean and steps to the beach crossover - Originally built in 1935, the current owners, Desoto Beach Properties, purchased the property in 2011 and the property has been through several major renovations and upgrades since that time - there is an elevator to the 2nd and 3rd floors - each floor is completely furnished and all three vary in size with the top floor the largest and best view. Each apartment has a private balcony and each apartment is provided a private parking space. All units are upgraded as required and furnishings replaced as needed to continue their excellent occupancy rate. This property is located in an R-T district and is not affected with current or proposed STVR changes. What a rare opportunity to have your own "slice of heaven" and have two other properties that provide income for expenses and/or debt service. The property is managed by the current owners via The Desoto Beach Hotel. Owners have agreed to continue management if new owners desire at a reduced market rate. Please call to schedule your private tour based on vacancy availability.
Broker Details
Coldwell Banker Access Realty 912-352-1222
MLS ID: JACKSOTE State License Number: 183974
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,895,000 |
| No. of Units: | 3 |
| Year Built: | 1935 |
| Lot Size: | 3,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $631,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 5 |
ID: 3yd-HIVEMLSNC-SA354067
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