Folly Beach, SC 467k Grossing Property

Rare Folly Beach Compound 3 building / 8 unit / 12 bedroom investment property. Current owner is a former Property Manager, and husband is retired Architect. Entire property has been renovated. 8-year STR rental history with many repeat guests . Currently grosses $467K annually. Pink Building has 4 units (2 BR 2ba, 2BR 1.5ba, 1BR 1ba, Studio 1b), Purple Building has 2 Studios 1ba each, and Light Blue Building has 2 units (2 BR 1 ba ea). Owner lives across the street and has interest in managing the property after the sale so this is truly a turn-key opportunity. With 4 septic tank-drainfields, 4 sump pumps, 8 hot + cold Outdoor Showers, 2 irrigation systems, roof drains piped to street, and new Tankless HW gas lines there’s lots of infrastructure underground that has been well planned. No expense spared on Landscaping, hardscaping and outdoor furnishings so the curb appeal is amazing. Inside each unit luxury tile, stainless appliances, glass & high end designer furnishing décor await you. All furnishings, appliances, linens, kitchenware, TVs etc. to convey. Everything you need to run this place. Property to be sold AS-IS. Over 1,000 Reviews on AirBnB for this property so you can see the quality / integrity you would be owning. Exterior/ site walk through you can pretty much book any time. Inside showings of each unit must be tightly scheduled due to full calendar of STR guests.

https://therathershacks.com/our-place/

Listed by:

Samuel Meader 843.412.2014

Brand Name Real Estate

Source: CTMLS,MLS#: 22013655

See more details for 318 E Ashley Ave, Folly Beach, SC 29439 on Zillow

Facts and features

• Single family residence, quadruplex
• 12 bedrooms
• 10 bathrooms
• Built in 1950
• Forced air, heat pump
• Central air
• Off street
• $917 price/sqft
• 2.50% buyer’s agent fee

Interior details

Bedrooms and bathrooms

• Bedrooms: 12
• Bathrooms: 10
• Full bathrooms: 9
• 1/2 bathrooms: 1

PrimaryBedroom

• Features: Ceiling Fan(s)

Basement

• Basement: Crawl Space

Flooring

• Flooring: Vinyl

Heating

• Heating features: Forced Air, Heat Pump

Cooling

• Cooling features: Central Air

Interior Features

• Interior features: Kitchen Island, Ceiling – Smooth

Other interior features

• Total structure area: 3,818
• Total interior livable area: 3,818 sqft

Property details

Parking

• Parking features: Off Street

Property

• Levels: Two
• Stories: 2
• Entry location: Ground Level

Lot

• Lot size: 10,454 sqft
• Lot features: Level

Other property information

• Parcel number: 3281500117
• Attached to another structure: Yes
• Special conditions: Flood Insurance

Construction details

Type and style

• Home type: MultiFamily
• Property subType: Single Family Residence, Quadruplex
• short term rental for sale

Material information

• Construction materials: Block
• Foundation: Slab
• Roof: Architectural,Asphalt

Condition

• Property condition: Pre-Owned
• Year built: 1950

Utilities / Green Energy Details

Utility

• Sewer information: Septic Tank
• Water information: Public

Community and Neighborhood Details

Location

• Region: Folly Beach
• Subdivision: None

HOA and financial details

Other financial information

• Annual tax amount: $2,723
• Buyer agency compensation: 2.50%