108 Cooper Avenue A, B, C, D, Folly Beach, SC 29439 (MLS# 22018066)

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: $5,100,000 List Date: 7/06/2022 Last Modified: 12/15/2023

Overview

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

Listing Details MLS# 22018066

Location, Tax & Legal

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.
Unit #
A, B, C, D
Legal Description
Lt 103A E Cooper

Contract Info

MLS List Date
2022-07-06
Primary Structure List Price/SqFt
888.91

General Property Info

Number of Units
4
# Stories
2
Primary Structure Apx SqFt
6400
Year Built
2018
Acreage
0.12
Potential Short Sale
No

Status Change Info

Sold Date
2022-10-14
Sold Price/SqFt
796.88
New Mortgage Type
Conventional

Unit 1

SqFt
1600

Unit 2

SqFt
1600

More Information

Unit 3

SqFt
1600

Unit 4

SqFt
1600

SqFt Source

Builder/Owner
Yes

Roof

Asphalt Shingle
Yes

Architectural Style

Quadplex
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Equipment/Appliances

Ceiling Fan
Yes
Dishwasher
Yes
Dryer
Yes
Washer
Yes

Cooling

Central Air
Yes

Heat

Electric
Yes

Amenities

Pool
Yes

Sale Includes

All Furniture
Yes

Possession

Negotiable
Yes
Tenants Rights
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Utility Suppliers

Charleston Water Service
Yes
Dominion Energy
Yes

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
IDX
Last Updated: December – 15 – 2023
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