$1,495,000 Status: Sold

PRICE DROP 8%

4 Beds

2688 sq²

Lot Size: 0.2300 acres

Year Built: 1996

DOM: 246

Locations

Address:

108 Cooper Avenue

City:

Folly Beach

Zip Code:

29439

County:

Charleston

State:

Features and Amenities

Cooling:

Central Air

Heating:

Electric, Heat Pump

Utilities:

City of Folly Beach, Dominion Energy

Other:

Asphalt, Central

Description

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.

WHAT IS YOUR HOME WORTH ?

$1,750,000 ^$651/SqFt
21, Apr. 2025
$1,625,000 ^$605/SqFt
22, Jun. 2025
$1,495,000 ^$556/SqFt
16, Jul. 2025

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James Schiller

Realtor, Brand Name Real Estate

Email: jameseschiller@gmail.com

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