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108 Cooper Avenue A, B, C, D, Folly Beach, SC 29439
$5,100,000
Property Type:
MultiFamily
Square Footage:
6,400
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$5,689,000
List Date:
7/06/2022
Last Modified:
12/15/2023
Description
This multi-family, custom-designed development was completed in 2018 and is located ½ block off Center Street. This asset is strategically located in the commercial district of Folly Beach and zoned 'general business'. It includes four four-bedroom properties, each offering a private pool and over 1,600 ft^ of luxury living space. This multi-family investment has been uniquely designed to maximize vacation rental income by utilizing a hybrid rental approach, e.g., singles, duplex, triplex, or quadplex, and is on track to exceed record income generated in 2021 with over $636,000 in projected booking revenue for 2022.
Call listing agent for additional financial information. NOTE: Sale includes 105 E Erie Tax ID - 3281400477
More Information MLS# 22018066
Contract Info
Primary Structure List Price/SqFt: 888.91
MLS List Date: 2022-07-06
Status: Closed
List Price: $5,689,000
Current Price: $5,100,000
Location, Tax & Legal
Unit #: A, B, C, D
Legal Description: Lt 103A E Cooper
Tax Map #: 3281400093
Street #: 108
Street Name: Cooper
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29439
Area: 22 - Folly Beach to Battery Island
Tax District: Unknown
Subdivision: Folly Beach
Elementary School: James Island
Middle School: Camp Road
High School: James Island Charter
Directions: From Folly Road, take a left on E Cooper. Property will be on your left.
General Property Info
# Stories: 2
Potential Short Sale: No
Number of Units: 4
Primary Structure Apx SqFt: 6400
Year Built: 2018
Acreage: 0.12
Status Change Info
Sold Price/SqFt: 796.88
New Mortgage Type: Conventional
Sold Date: 2022-10-14
SqFt Source
Builder/Owner: 1
Unit 1
SqFt: 1600
Bedrooms: 4
Baths: 3
Unit 2
SqFt: 1600
Bedrooms: 4
Baths: 3
Unit 3
SqFt: 1600
Bedrooms: 4
Baths: 3
Unit 4
SqFt: 1600
Bedrooms: 4
Baths: 3
Roof
Asphalt Shingle: 1
Architectural Style
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Dryer: 1
Washer: 1
Cooling
Central Air: 1
Heat
Electric: 1
Amenities
Pool: 1
Sale Includes
All Furniture: 1
Possession
Negotiable: 1
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Builder/Owner
Roof: Asphalt Shingle
Architectural Style: Quadplex
Cooling: Central Air
Heat: Electric
Amenities: Pool
Sale Includes: All Furniture
Possession: Negotiable; Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office:
Luxury Simplified Real Estate, INC
Last Updated: December - 15 - 2023
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc.
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