Folly Beach, SC 29439
- 4Beds
- N/AFull Baths
- N/AHalf Baths
- 2,688SqFt
- 1996Year Built
- 0.23Acres
- MLS# 25010659
- Multi Family
- Active
- Approx Time on Market3 months, 14 days
- AreaFolly Beach
- CountyCharleston
- Subdivision None
Overview
Fantastic opportunity to own a 4-plex on Folly Beach. Excellent value: Offered at a little over $400,000 per apartment, this must be the best deal on Folly. Use one as a primary or second home and use the other 3 to offset expenses (possibly positive cashflow). Make improvements and you can drastically increase rents. Renovated, the rental projection for annual leases is over $130,000.00! All the while, you would own commercial real estate on Folly. Street to street lot with close proximity to Center Street in the center of town. Situated next to the City Hall/Fire Station complex. 4 separate electric meters, tenants pay their own electric. Owner pays water quarterly. Property is on 2 septic systems.To connect to public sewer, you would have to ask city council for permission to tie in. If approved the nearest sewer to the complex is the alley way behind City Hall. You would be responsible for all construction costs and sewer tap and impact fees.
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1996
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: 1 Car
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.23
Lot Size Units: Acres
Acres: 0.23
Lot Sqft: 10018.8
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
Stories: 2
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Quadruplex
Room Info
Beds: 4
Sale / Lease Info
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Unit Sqft: 600
Unit Sqft: 600
Unit Sqft: 600
Unit Sqft: 600
Sqft: 2688
Unit Info
Number of Units Total: 4
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Utilities / Hvac
Water Source: Public
Utilities: City of Folly Beach, Dominion Energy
Heating: Yes
Heat: Central, Electric, Heat Pump
Water Sewer: Septic Tank
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Center Street To W Cooper. 4-plex Is On The Right After The Fire StationCourtesy of listing office Carolina One Real Estate Folly Beach - 843-779-8660
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 EXP Realty 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 07-31-2025 6:28 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.
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