Folly Beach Quadruplex

Multi-Family for Sale
Catylist Listing ID: 30405553
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $950,000
Unit Price: $237,500 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller, Other
Cap Rate: 8.0%
Vacation Rental Income: Yes
Last Updated: 4/16/2019

Overview / Comments

508 E Cooper is a partially- renovated quadruplex located on Folly Beach. The complex contains 2 buildings containing 2 units each. Rooves on both buildings are new. Each unit is 1,000 SF and contains 2 bedrooms and 1 bathroom. The 2 units facing E Cooper are renovated and include new appliances, flooring, paint and bathrooms. 2- Ton HVAC units, duct work and trunks are also brand new. The two units facing E Erie will require renovation. The property is approved for short term rental and will prove to be an excellent investment property.

Pro Forma Attached.

Attachments & Media

Financials

Finance Data Year 2019
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 22 - Folly Beach Area to Battery Island
Tax ID/APN: 328-15-00-154
Property Condition: Average
Year Built: 1955

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,210 19,513
Median Age: 40.23 39.26
Households: 4,390 8,615

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