MLS# 21032914 | 106 E Erie Avenue UNIT A, B, C Folly Beach SC | Folly Beach subdivision
843-225-7007
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Folly Beach, SC 29439
- 11Beds
- N/AFull Baths
- N/AHalf Baths
- 5,657SqFt
- 2019Year Built
- 0.24Acres
- MLS# 21032914
- Multi Family
- Sold
- Approx Time on Market3 months, 12 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionFolly Beach
Overview
This Luxury Simplified custom designed commercial multi-family development was completed in 2019 and is A1/2 a block from Center Street. The 'Retreats on Hudson' commercial development includes three single family homes with each property having a private swimming pool. There are two, three-bedroom properties with over 1,500 ft^ living space, and one-five bedroom property with ~2,400 ft^ living space. This development was designed to provide the owners with the ability to maximize vacation rental income by utilizing a hybrid marketing approach. This development is rented as singles, a six-bedroom option, and a 10-11 bedroom compound and continues to satisfy the consumer demand for unique luxury multi-family vacation rental options in Charleston.Each single property has a private pool, but when rented as a multi-family the exterior garden space opens to the other, providing the ability to entertain easily between each unit. This luxury commercial development gross income currently exceeds $430K annually, and is on track to exceed this income in 2022. Call listing agent for additional financial information.
Sale Info
Listing Date: 12-22-2021
Sold Date: 04-04-2022
Aprox Days on Market: 
3 month(s), 12 day(s)
Listing Sold: 
2 Year(s), 1 month(s), 0 day(s) ago
Original Asking Price: $4,750,000
Asking Price: $4,750,000
Selling Price: $3,375,000
Price Difference From Original:
Reduced By $1,375,000
Price Difference From Asking:
Reduced By $1,375,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Community Features: Pool
Bathroom Info
Building Info
Year Built: 2019
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.24
Lot Size Units: Acres
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Single Family Detached, Triplex
Room Info
Beds: 11
Sale / Lease Info
Sold Date: 2022-04-04T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 1,632
Unit Sqft: 1,632
Unit Sqft: 2,393
Sqft: 5657
Unit Info
Number of Units Total: 3
Unit: A, B, C
Unit Bedrooms: 3
Unit Bedrooms: 3
Unit Bedrooms: 5
Utilities / Hvac
Heating: Yes
Heat: Electric
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Folly Road Turn Left On E Erie. Property Will Be On Your LeftCourtesy of listing office Luxury Simplified Real Estate, INC
We are FULL TIME and Full Service agents!
Wondering what your home in Folly Beach is worth today? Call me and lets speak about your Folly Beach SC Multi Family property for sale?
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