SC
Beaufort
Hilton Head Island
29928
6 Gannet Street
6 Gannet Street, Hilton Head Island, SC 29928
Share Listing
Listing Type
Single Family
Listing Status
active
55
$1,450,000

Home Details for 6 Gannet Street

Price
$1,450,000
Type
Residential
Bedrooms
6
Bathrooms
4.0
Square feet
2184
Year built
1984
County
Beaufort
Garage
Days on site
90
MLS Listing#
454413
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!

Property Features
  • House Interior
    • Vaulted Ceiling(s)
    • Ceiling Fan(s)
    • Cathedral Ceiling(s)
    • High Ceilings
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
    • Electric
  • Heating Information
    • Central
    • Electric
    • Heat Pump
  • Water Features
    • Public
  • Parking
    • Driveway
Listing Courtesy: Real Life Brokered By EXP Realty LLC (889) - 888-440-2798
Presented by: The Native Islander Group
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EXIT HILTON HEAD REALTY
1000 William Hilton Parkway, Suite F13, Hilton Head Island, SC 29928
Office
843 342 3948
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