Folly Beach, SC 29439
- 8Beds
- N/AFull Baths
- N/AHalf Baths
- 3,870SqFt
- 1955Year Built
- 0.24Acres
- MLS# 20022984
- Multi Family
- Sold
- Approx Time on Market4 months, 17 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionNone
Overview
508 E Cooper Avenue is a fully renovated, turnkey investment property located in the heart of Folly Beach, USA. Possessing 4 short term rental licenses, this beachy quadruplex with amazing income producing potential. Property improvements include new roofs, duct work, HVAC units, interior and exterior paint, flooring, decking, stainless steel appliances, butcherblock countertops and renovated bathrooms. New furniture throughout to convey with purchase. The quarter- acre property has two structures, each with two, 900+ SF units. Each unit holds 2- beds and 1- bath. Each of the four units has two off- street parking places. The property is located in an X- Shaded Flood Zone per updated FEMA Maps to be implemented 1/29/21. No mandatory flood insurance required.
Sale Info
Listing Date: 08-19-2020
Sold Date: 01-06-2021
Aprox Days on Market:
4 month(s), 17 day(s)
Listing Sold:
3 Year(s), 3 month(s), 13 day(s) ago
Original Asking Price: $1,690,000
Asking Price: $1,490,000
Selling Price: $1,375,000
Price Difference From Original:
Reduced By $315,000
Price Difference From Asking:
Reduced By $115,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1955
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.24
Lot Size Units: Acres
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Foundation: Raised Slab
Exterior: Block/Masonry
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Quadruplex
Room Info
Beds: 8
Sale / Lease Info
Sold Date: 2021-01-06T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 970
Unit Sqft: 970
Unit Sqft: 970
Unit Sqft: 970
Sqft: 3870
Unit Info
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Utilities / Hvac
Water Source: Public
Heating: No
Water Sewer: Septic Tank
Cooling: Yes
Waterfront / Water
Waterfront: No
Courtesy of listing office Roadstead Real Estate Advisors, LLC
Featured Lender
WHERE DREAMS ARE DEFINED.
RESIDENTIAL MORTGAGE LOAN ORIGINATORS
SONYA L. PITT, RMLO NMLS ID 182524
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-19-2024 6:12 AM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.