Bought with Carolina One Real Estate
$379,000
$379,000
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1 Bed
1 Bath
414 SqFt
SOLD DATE : 04/16/2021
Key Details
Sold Price $379,000
Property Type Multi-Family
Sub Type Single Family Attached
Listing Status Sold
Purchase Type For Sale
Square Footage 414 sqft
Price per Sqft $915
Subdivision The Palms Hotel
MLS Listing ID 21005561
Sold Date 04/16/21
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 2000
Property Sub-Type Single Family Attached
Property Description
Rare opportunity to purchase a 1 bedroom/1 bath condotel at Isle of Palms. The Palms Hotel has 68 guest rooms & was renovated in 2018. Owners can enjoy up to 28 days annually & collect income from hotel operations. 3 months regime fees are due at closing and are applied as working capital contribution. Buyers must sign a hotel management agreement with The Palms Hotel.
Location
State SC
County Charleston
Area 44 - Isle Of Palms
Interior
Interior Features Ceiling - Smooth, Wet Bar
Heating Electric
Cooling Central Air
Flooring Laminate
Exterior
Exterior Feature Balcony
Parking Features Off Street
Pool Pool - Elevated
Community Features Elevators, Pool
Utilities Available Dominion Energy, IOP W/S Comm
Private Pool true
Building
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Sullivans Island
Middle Schools Moultrie
High Schools Wando
Others
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry
Financing Cash, Conventional, 1031 Exchange, Owner Will Carry
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Nearby Schools & Businesses
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