$899,000

Status: Under Contract

Price Drop (-9.65%)
Property type: Detached House
Year built: 1978
List Date: 2018-08-01
Lot Size: 0.19 acres
Area
1360 ft2
Bedrooms
2
Half Baths
0
Full Baths
2
Days For Sale
353

Location

Amenities

  • 0 - .5 Acre
  • Beachfront
  • Ceiling - Cathedral/Vaulted
  • Ceiling - Smooth
  • Deck
  • Ocean View
  • Window Treatments - All

Description

Excellent rental income! This year's bookings are $80,000 and counting. Possibly best rental income producer for the money. In addition, this lot is not affected by the new 40' setback from the renourishment line rule because it is more than 40' from the rear lot line. See survey. Fantastic oceanfront home has two bedrooms, each with its own private oceanfront balcony. Newer oceanside deck, High skylights brighten the kitchen and exposed wood beams in the living room add to the charm and cozy feel. The furniture is included. The lot in front of this home has been donated to a conservancy with a 10' access easement to the ocean. $88K gross rental income in 2017. $67,500 in 2018 (renourishment), almost 80,000 in bookings so far in 2019, projected total willbe over $90,000.

Listing Provided by Allen Tate - Lake Hartwell
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James Schiller

Realtor, Brand Name Real Estate

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1703 Ashley, Folly Beach, SC 29439
MLS #29439
$899,000
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Data is deemed reliable but is not guaranteed accurate by the MLS.

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