508 E Cooper Avenue is a fully renovated, turnkey investment property located in the heart of Folly Beach, USA. Possessing 4 short term rental licenses, this beachy quadruplex with amazing income producing potential. Property improvements include new roofs, duct work, HVAC units, interior and exterior paint, flooring, decking, stainless steel appliances, butcherblock countertops and renovated bathrooms. New furniture throughout to convey with purchase. The quarter- acre property has two structures, each with two, 900+ SF units. Each unit holds 2- beds and 1- bath. Each of the four units has two off- street parking places. The property is located in an X- Shaded Flood Zone per updated FEMA Maps to be implemented 1/29/21. No mandatory flood insurance required.
Listing Date: 08-19-2020
Sold Date: 01-06-2021
Aprox Days on Market: 
4 month(s), 17 day(s)
Listing Sold: 
3 Year(s), 3 month(s), 13 day(s) ago
Original Asking Price: $1,690,000
Asking Price: $1,490,000
Selling Price: $1,375,000
Price Difference From Original:
Reduced By $315,000
Price Difference From Asking:
Reduced By $115,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1955
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Size: 0.24
Lot Size Units: Acres
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Foundation: Raised Slab
Exterior: Block/Masonry
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Quadruplex
Beds: 8
Sold Date: 2021-01-06T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 970
Unit Sqft: 970
Unit Sqft: 970
Unit Sqft: 970
Sqft: 3870
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Water Source: Public
Heating: No
Water Sewer: Septic Tank
Cooling: Yes
Waterfront: No
Courtesy of listing office Roadstead Real Estate Advisors, LLC