108 W Cooper Ave Active Save Request In-Person Tour Request Virtual Tour
Folly Beach,SC 29439
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $604
MLS Listing ID 25010659
Bedrooms 4
Year Built 1996
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Quadruplex
Property Description
Fantastic opportunity to own a 4-plex on Folly Beach. Excellent value: Offered at a little over $400,000 per apartment, this must be the best deal on Folly. Use one as a primary or second home and use the other 3 to offset expenses (possibly positive cashflow). Make improvements and you can drastically increase rents. Renovated, the rental projection for annual leases is over $130,000.00! All the while, you would own commercial real estate on Folly. Street to street lot with close proximity to Center Street in the center of town. Situated next to the City Hall/Fire Station complex. 4 separate electric meters, tenants pay their own electric. Owner pays water quarterly. Property is on 2 septic systems.To connect to public sewer, you would have to ask city council for permission to tie in. If approved the nearest sewer to the complex is the alley way behind City Hall. You would be responsible for all construction costs and sewer tap and impact fees.
Location
State SC
County Charleston
Area 22 - Folly Beach To Battery Island
Interior
Heating Central,Electric,Heat Pump
Cooling Central Air
Exterior
Parking Features 1 Car
Garage Spaces 1.0
Utilities Available City of Folly Beach,Dominion Energy
Roof Type Asphalt
Total Parking Spaces 1
Building
Dwelling Type Quadruplex
Story 2
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools James Island
Middle Schools Camp Road
High Schools James Island Charter
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash