Viewing Listing MLS# 21022429

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508 E Ashley Avenue Folly Beach, SC 29439

$1,000,000 | 9 beds | 6 full baths | N/A half baths | 3,688 sqft

$1,010,000

508 E Ashley Avenue
Folly Beach, SC 29439

9Beds
6Full Baths
N/AHalf Baths
3,688SqFt
1980Year Built
0.25Acres

MLS# 21022429
Residential
Single Family Detached
Sold

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Approx Time on Market2 months, 18 days
AreaFolly Beach
CountyCharleston
SubdivisionNone

Overview

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

Sale Info

Listing Date: 08-16-2021

Sold Date: 11-04-2021

Aprox Days on Market:
2 month(s), 18 day(s)

Listing Sold:
2 Year(s), 5 month(s), 23 day(s) ago

Original Asking Price: $1,010,000

Asking Price: $1,000,000

Selling Price: $1,010,000

Price Difference From Original:
Same as Original Price

Price Difference From Asking:
Increase $10,000

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

Fullbaths: 6

Building Info

Levels: Two

Year Built: 1980

Floors: Laminate

Business Info

Rent Control: No

Buyer Compensation

Exterior Features

Pool Private: No

Style: Traditional

Garage / Parking

Gar Pkg: Other (Use Remarks)

Garage: No

Attached Garage: No

Green / Env Info

Interior Features

Fireplace: No

Lot Info

Lot Size: 0.25

Lot Desc: 0 - .5 Acre, Level

Lot Size Units: Acres

Acres: 0.25

Lot Sqft: 10890

Irrigation Water Rights: Yes

Offer Compensation

Other

Mobile Home Remains: Yes

Property Info

Property Type: A

Stories: 2

Foundation: Crawl Space

Exterior: Wood Siding

New Construction: No

Roof: Asphalt

Building Area Units: Square Feet

View: No

Home Warranty: Yes

Habitable Residence: Yes

Room Info

Beds: 9

Sale / Lease Info

Sold Date: 2021-11-04T00:00:00

Lease Renewal Option: Yes

Lease Considered: Yes

Lease Assignable: Yes

Special Features

Sqft Info

Sqft: 3688

Unit Info

Utilities / Hvac

Water Source: Public

Utilities: Dominion Energy

Heating: Yes

Water Sewer: Septic Tank

Cooling: No

Waterfront / Water

Water Front Features: Beach Access

Waterfront: No

Schools

Elem: James Island

Middle: Camp Road

High: James Island Charter

Directions

Center Street Take A Left At The Light Onto East Ashley Avenue. House Is On The Left On 5th Block.

Courtesy of listing office Carolina One Real Estate - 843-779-8660

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Price & Status History (on charlestonneighborhoods.com since Mon, Aug 16th 2021)

Original Price: $1,010,000
Current Price: $1,000,000
Price Reduced: $10,000

Date Changed	From	To
11/05/2021	$1,010,000	$1,000,000 Reduced by $10,000

Residential, Land, Other Disclaimer:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Realty ONE Group Coastal are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-26-2024 11:55 PM 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.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-26-2024 11:55 PM EST est.