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Damian Hall

[email protected] +1(828) 817-2046

$ 1,450,000

Est. payment -/mo

Save

Price Dropped by $32K

6 Gannet ST Hilton Head Island, SC 29928

6 Beds

4 Baths

2,184 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,184 sqft

Price per Sqft $663

Subdivision Hhbs 1A

MLS Listing ID 454413

Style Two Story

Bedrooms 6

Full Baths 4

HOA Fees $125

Year Built 1984

Lot Dimensions 0.17

Property Sub-Type Single Family Residence

Property Description

Motivated Seller - Seller Offering To Pay For Two Pools with Full Priced Offer: RARE FIND: A completely renovated TRUE DUPLEX with 2 Kitchens, 6 Bedrooms, and 4 Bathrooms. It even has two exterior power meters. Private entrances via rear decks or a shared front entry with interior locking doors. Only eight rows and a short 5-minute walk to the beach! Add two pools for $108k to produce $160++k gross rentals- $80k per floor! Keep the 2nd floor private and rent the 1st floor as an income producer, or rent both! Not into the duplex setup? It would be super easy to convert the downstairs kitchen/living area into another full bathroom and one or two more bedrooms, turning this house into a seven or eight-bedroom rental machine!!! Forest Beach is a very sought-after neighborhood with Coligny Plaza, Celebration Park, restaurants, and grocery stores a short walk away. LET'S PUT THIS OPPORTUNITY INTO PERSPECTIVE: The current list price of $1.45M, plus the two pools, is $1.558M. The current property manager has given a rental projection of $160k gross. A property that does 10% of its purchase price is a good opportunity, but unfortunately, a property that does 10% of its purchase price in gross rentals is rarely seen these days. I specialize in vacation rental sales and look at actual rental income all the time. In my opinion, this house could gross around $200k after the pools are added and the groundwork is laid, with good reviews and repeat guests starting to happen. While big 6+ bedroom houses are sitting vacant during the off-season, this house is booked for long weekends, snowbirds, etc. It will continuously make income throughout the year. Look at this property any way you want and feel free to ask questions. Let's get a deal done!

Location

State SC

County Beaufort

Area Forest Beach

Interior

Interior Features Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Main Level Primary, Multiple Primary Suites, Multiple Closets, Smooth Ceilings, Vaulted Ceiling(s), New Paint

Heating Central, Electric, Heat Pump

Cooling Central Air, Electric

Flooring Luxury Vinyl, Luxury VinylPlank

Furnishings Furnished

Window Features Insulated Windows

Appliance Convection Oven, Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer

Exterior

Exterior Feature Deck, Sprinkler/Irrigation, Porch

Parking Features Driveway

Pool None

Amenities Available None

View Landscaped

Roof Type Asphalt

Porch Balcony, Rear Porch, Deck, Front Porch, Patio

Building

Lot Description < 1/4 Acre

Faces Northeast

Story 2

Water Public

Level or Stories Two

Structure Type Wood Siding

Others

Tax ID R550-015-00A-0374-0000

Ownership Individual

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Hilton Head Island MLS (HHIMLS) - REsides Inc.

Listed by Real Life Brokered By EXP Realty LLC (889)

Damian Hall

License ID: 577000227

+1(828) 817-2046

Damian Hall

6 Gannet ST Hilton Head Island, SC 29928

Key Details

Location

Interior

Exterior

Building

Others

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6 Gannet ST