Opportunity to buy 3 Hotel rooms in The Palms Hotel, front beach Isle of Palms. This is not a ''move in and live'' real estate sale offering. This is an offering to own a piece of a limited supply, front beach hotel. Property was closed for major renovations for well over a year and re opened in January 2018. Offering is for 3 interior hotel rooms that had gross revenue of about 38k per room. Management agreement with hotel operator revenue share, condo regime fees etc come out of owner revenue. Owners may use up to 28 days total in a year subject to rules and regs. This beautiful ocean front Hotel offers continental breakfast, and on site swimming pool. Hotel does not coordinate viewings, shown by appointment only. Additional units available. HOA transfer fee applies
Fullbaths: 3
Foundation: Elv. Construction
Year Built: 2,000
Misc Ext: Pool - Elevated
Gar Pkg: Off-Street Parking
Lot Desc: Beach Access, Beachfront, 1 - 2 Acres
Acres: 0.00
Auction: No
Stories: 3 Stories
Amenity: Cable TV Available, Elevators
Style Sfa: Condo Regime
Beds: 3
Ground Level: No
New Ownd: Pre-Owned
Sqft: 950
Tax Map: 5681100392
Unit Num: 3 Units
Water Sewer: Public Sewer, Public Water
Heat: Other (Use Remarks)
Cooling: Central
Courtesy of listing office AgentOwned Preferred Group