Viewing Listing MLS# 1118075

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Folly Beach - Folly Beach, SC Real Estate | Folly Beach - Residential Property

$599,900 | 11 beds | 8 full baths | 1 half baths | 4,000 sqft

$545,000
318 E Ashley Avenue
Folly Beach, SC 29439
  • 11Beds
  • 8Full Baths
  • 1Half Baths
  • 4,000SqFt
  • 1950Year Built
  • 0.25Acres
  • MLS# 1118075
  • Residential
  • Single Family Detached
  • Sold

  • Approx Time on Market7 months, 20 days
  • AreaFolly Beach
  • CountyCharleston
  • SubdivisionFolly Beach

Overview

*** THE BANK JUST GOT SERIOUS AND YOU GOT A SECOND CHANCE TO PURCHASE THIS HIGH DEMAND PROPERTY WITH ABSOLUTE RIDICULOUS PRICING! *** OPPORTUNITY IS A KNOCKING, WITH POSSIBLE SELLER FINANCING...? Where on Folly will you find a property with so much potential and possibilities...Oh, being Bank Owned it's also PRICED AGGRESSIVELY! I don't care what type of buyer you are working with, this property should be one that every Folly Beach buyer needs to see. Starting with location, it's just ONE block back from the OCEAN, a couple blocks away from Center Street, the HUB of Folly, two blocks from the Folly Tennis/Basketball Courts and one door down from Beach Access! Is there a property that is more centrally located on Folly? Now, let's talk about being Unique! With a FULL LOT that is well maintained and landscaped like a vintage Folly lot should be, it dramatically contributes to the Folly Beach Lifestyle! With six (6) units situated on this property it truly has limitless possibilities. Starting with 318 E. Ashley Ave., this upgraded one story triplex, is currently used as a long term rental. Being the closest structure to the Beach, it could be perfect for vacation rentals or a primary residence/second home. In between 318 E. Ashley Ave. and 317 E. Cooper Ave., is a small one bedroom Beach Bungalow that is also used as a long term rental. Again, would this be a good vacation rental or Beach getaway for a 2nd home? Lastly, 317 E. Cooper Ave. is a two (2) story duplex that also has long term tenants. Like a lot of the Folly Duplex's, you can utilize them in several ways. Would you like to rent one floor while living in the other? Or, would you like to maximize your income and rent both floors in a long term or vacation rental program? These are all the decisions that you, the buyer, would get to make after you purchase six (6) Folly Beach units for a RIDICULOUS price! Past income pulled $65,160.00 gross which is close to a 10% ROI! If you ever had dreams of owning a property on Folly Beach, why would you miss out on a chance to be a homeowner that could possibly cost ABSOLUTELY nothing! Of course, this would depend on the financing and income that the other units receive. If it worked out properly, the rental income would cover all of the overhead allowing you to be one of a kind, a mortage on a Folly property that doesn't cost you a dime! So, with that in mind, SELLER FINANCING MAY BE AVAILABLE!! Even though this property is Bank Owned, the property is in good conditioned and being maintained by a Management Company. ****AGENTS MUST READ NOTES****


Sale Info

Listing Date: 07-24-2011

Sold Date: 03-16-2012

Aprox Days on Market: 
    7 month(s), 20 day(s)

Listing Sold: 
   12 Year(s), 12 day(s) ago

Original Asking Price: $599,900

Asking Price: $599,900

Selling Price: $545,000

Price Difference From Original: 
Reduced By $54,900

Price Difference From Asking: 
Reduced By $54,900

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

Community Features:  Boat Ramp

Bathroom Info

Halfbaths:  1

Fullbaths:  8

Building Info

Year Built:  1950

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Fencing:  Fence - Wooden Enclosed

Pool Private:  No

Garage / Parking

Gar Pkg:  Off Street

Garage:  No

Attached Garage:  No

Green / Env Info

Interior Features

Fireplace:  No

Lot Info

Lot Size:  0.25

Lot Desc:  Level

Lot Size Units:  Acres

Lot Dimensions:  70X150X70X150

Acres:  0.25

Lot Sqft:  10890

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  A

Foundation:  Slab

Exterior:  Block/Masonry, Vinyl Siding

New Construction:  No

Roof:  Architectural

Building Area Units:  Square Feet

Special:  Flood Insurance, Lender Owned

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Room Info

Beds:  11

Sale / Lease Info

Sold Date:  2012-03-16T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Special Features

Sqft Info

Sqft:  4000

Unit Info

Utilities / Hvac

Water Source:  Public

Utilities:  SCE & G

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Septic Tank

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  James Island

Middle:  James Island

High:  James Island Charter

Directions

After Your Cross Over Last Bridge Onto Folly Beach, Turn Left At The Only Light Onto E. Ashley Ave. Property Will Be Right Before The 4th Block On Your Left Or From Center St. Turn Left Onto E. Cooper

Courtesy of listing office Fred Holland Realty 

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On heatherlord.com since Sun, Jul 24th 2011
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity 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 The Boulevard Company, LLC 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 03-28-2024 8:00 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 03-28-2024 8:00 PM EST est.

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