$1,010,000
$1,000,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
508 E Ashley Ave Folly Beach, SC 29439
9 Beds
6 Baths
3,688 SqFt
Key Details
Sold Price $1,010,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,688 sqft
Price per Sqft $273
MLS Listing ID 21022429
Bedrooms 9
Full Baths 6
Year Built 1980
Lot Size 10,890 Sqft
Property Description
A 6 apartment rental home on Folly Beach with 6 separate meters that are grandfathered in. There are 4 small ground floor units and 2 larger upstairs units with a garage in back that tenants have converted into a music studio/lounge. Very ''old school Folly vibe''. Lots of potential for investors looking for investment income. Current owner has had long term tenants all on month to month leases but rent is very low and could be substantially increased with some upgrades and repairs. Rental income in 2019 and 2020 was $61,335 and $64,985 respectively. In fair condition but needs some TLC. Being sold ''AS IS WHERE IS''. You could also demolish the house and build a new home just 1 block from the beach.Buyer to verify all information deemed to be impor
Location
State SC
County Charleston
Area 22 - Folly Beach To Battery Island
Interior
Heating See Remarks
Flooring Laminate
Exterior
Utilities Available Dominion Energy
Waterfront Description Beach Access
Roof Type Asphalt
Building
Lot Description 0 - .5 Acre, Level
Story 2
Foundation Crawl Space
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools James Island
Middle Schools Camp Road
High Schools James Island Charter
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Bought with Tift Properties