Welcome to 125 East Ashley on Folly Beach! This duplex is the perfect investment property on Folly Beach. The home encompasses a total of 5 bedrooms and 5 full baths. The left side of the property is a 3 bedroom/3 bath and the right side includes the final 2 bedrooms and 2 full baths. A large property at 2800 sq ft that includes 800 sq ft of deck space with ocean-views. Home was custom built in 2014 and includes many high-end features you would expect in new construction. Beautiful tropical landscaping truly give this home a one of a kind feel. Plunge pool in backyard (10ft by 12ft - 4 feet deep) provides perfect spot to relax after a long day on the beach. Rental income for 2016 is in excess of $85,000 with the potential for more. Home is zoned commercial and has city sewer.Owners currently rent 3 bedroom/3 bath side full time ($63,914 YTD 2016). One bedroom in 2 bedroom/2 bath side is rented full time as studio through AirBnB and has private entrance ($21,777 YTD 2016). Owners live in remaining 1 bedroom/ 1 bath. 2 Bedroom/2 Bath side could easily be full-time rental and increase the income for the property. 3 Bedroom/3 bath side is sold completely furnished. Furniture for 2 bedroom/2 bath side is negotiable with acceptable offer.
Listing Date: 09-29-2016
Sold Date: 12-12-2016
Aprox Days on Market: 
2 month(s), 12 day(s)
Listing Sold: 
7 Year(s), 4 month(s), 14 day(s) ago
Original Asking Price: $1,200,000
Asking Price: $1,200,000
Selling Price: $1,140,000
Price Difference From Original:
Reduced By $60,000
Price Difference From Asking:
Reduced By $60,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Fullbaths: 5
Levels: Two
Window Features: Storm Window(s)
Year Built: 2014
Floors: Laminate, Wood
Rent Control: No
Fencing: Fence - Wooden Enclosed
Misc Ext: Deck, Patio, Covered, Front Porch, Porch - Full Front
Exterior Features: Lawn Irrigation
Pool Private: Yes
Pool Features: In Ground
Style: Traditional
Gar Pkg: 2 Car Garage, Off Street
Garage: Yes
Attached Garage: No
Door Features: Storm Door(s)
Interior Features: Ceiling - Smooth, Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo
Fireplace: No
Laundry Features: Dryer Connection
Lot Size: 0.12
Lot Desc: 0 - .5 Acre
Lot Size Units: Acres
Acres: 0.12
Lot Sqft: 5227.2
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 2
Foundation: Raised, Pillar/Post/Pier
Exterior: Cement Plank
New Construction: No
Roof: Metal
Building Area Units: Square Feet
Special: Flood Insurance
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Beds: 5
Primary Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
Sold Date: 2016-12-12T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 2800
Water Source: Public
Utilities: SCE & G
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660