Folly Beach, SC 29439
- 16Beds
- N/AFull Baths
- N/AHalf Baths
- 6,400SqFt
- 2018Year Built
- 0.12Acres
- MLS# 22018066
- Multi Family
- Sold
- Approx Time on Market3 months, 7 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionFolly Beach
Overview
This multi-family, custom-designed development was completed in 2018 and is located 1/2 block off Center Street. This asset is strategically located in the commercial district of Folly Beach and zoned 'general business'. It includes four four-bedroom properties, each offering a private pool and over 1,600 ft^ of luxury living space. This multi-family investment has been uniquely designed to maximize vacation rental income by utilizing a hybrid rental approach, e.g., singles, duplex, triplex, or quadplex, and is on track to exceed record income generated in 2021 with over $636,000 in projected booking revenue for 2022. Call listing agent for additional financial information. NOTE: Sale includes 105 E Erie Tax ID - 3281400477
Sale Info
Listing Date: 07-06-2022
Sold Date: 10-14-2022
Aprox Days on Market:
3 month(s), 7 day(s)
Listing Sold:
1 Year(s), 6 month(s), 20 day(s) ago
Original Asking Price: $5,875,000
Asking Price: $5,689,000
Selling Price: $5,100,000
Price Difference From Original:
Reduced By $775,000
Price Difference From Asking:
Reduced By $589,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Community Features: Pool
Bathroom Info
Building Info
Year Built: 2018
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.12
Lot Size Units: Acres
Acres: 0.12
Lot Sqft: 5227.2
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Quadruplex
Room Info
Beds: 16
Sale / Lease Info
Sold Date: 2022-10-14T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 1,600
Unit Sqft: 1,600
Unit Sqft: 1,600
Unit Sqft: 1,600
Sqft: 6400
Unit Info
Number of Units Total: 4
Unit: A, B, C, D
Unit Bedrooms: 4
Unit Bedrooms: 4
Unit Bedrooms: 4
Unit Bedrooms: 4
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Folly Road, Take A Left On E Cooper. Property Will Be On Your Left.Courtesy of listing office Luxury Simplified Real Estate, INC
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Maison Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 05-03-2024 11:55 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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