508 E Ashley Avenue, Folly Beach, SC

9

Bedrooms

6

Bathrooms

$1,000,000

508 E Ashley Avenue

Folly Beach, SC 29439

Listing ID 21022429

  • status: Pending
  • bedrooms: 9
  • total baths: 6
  • full baths: 6
  • square ft: 3,688
  • acres: 0.25
  • county: Charleston
  • year built: 1980
  • property type: Single Family Detached

Details

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

Listed by: Carolina One Real Estate


Claudia von Asten

Claudia von Asten

Contact:

Cell Phone:843-793-8143

Office Phone:843-723-7150

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