Bought with Hayden Jennings Properties
$5,100,000
$5,689,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
6,400 SqFt
SOLD DATE : 10/14/2022
Key Details
Sold Price $5,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $796
Subdivision Folly Beach
MLS Listing ID 22018066
Sold Date 10/14/22
Bedrooms 16
HOA Y/N No
Year Built 2018
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
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
Location
State SC
County Charleston
Area 22 - Folly Beach To Battery Island
Interior
Interior Features Ceiling Fan(s)
Heating Electric
Cooling Central Air
Exterior
Community Features Pool
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Asphalt
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools James Island
Middle Schools Camp Road
High Schools James Island Charter
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information