MLS# 30721601 | 1401 Shrimp Boat Lane UNIT #206 Mount Pleasant SC | subdivision
843-225-7007
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Mount Pleasant, SC 29464
- $754.55Price per SqFt
- 330SqFt
- 448Days on Market
- N/AZoning
- 2010Year Built
- HospitalityUse
- MLS# 30721601
- Commercial Sales
- Hospitality
- Sold
- Approx Time on MarketN/A
- AreaMt. Pleasant South of Iop Connector
- CountyCharleston
- SubdivisionN/A
Overview
Condo hotel ownership in Shem Creek Inn. This investment offering is a rare opportunity to buy into the only hotel on Shem Creek. Condo units are individually owned, with limited owner use options. The Inn is under hotel management agreement & HOA regime. Beautiful 3rd floor, Creek Side 2 Queen condo with fantastic view of Shem Creek. Unit amenities include: Free WiFi, microwave oven, refrigerator, coffee maker, LCD TV with satellite channels, & private furnished balcony.Property amenities include: Beautiful pool & sundeck right on Shem Creek, free parking & breakfast in a great location convenient to beaches & downtown Charleston, elevator, daily housekeeping, & 24-hour front desk with Concierge services.Shem Creek Inn was newly renovated in 2017. There is a 5 year $5,819 annual owner special assessment ending in 2022 to pay for the renovation. The 2019 cap rate is 6.52% at the current offering price. Without the special assessment, the cap rate would have been 8.9%.
Sale Info
Listing Date: 01-30-2023
Sold Date: 06-21-2021
Listing Sold:
2 Year(s), 10 month(s), 2 day(s) ago
Asking Price: $249,000
Selling Price: $249,000
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 2010
Financial
Asking Price Type: Fixed Price
Garage / Parking
Lot Info
County: Charleston
Land Size: 0.00
Misc
Title: Shem Creek Inn
Offer Compensation
Property Info
Second Property Subtype: Hospitality
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $249,000
Build To Suit: No
Property Use Type: Hospitality, Industrial, Investment, Multi-Family, Other, Retail, Vacation/Resort
Class Type: Hospitality
Sold Info
Sold Date: 2021-06-21T00:00:00
Sqft Info
Rentable Area: 330
Unit Info
Unit: 206
Utilities / Hvac
Courtesy of listing office Coldwell Banker Comm/Atlantic Int'l - 8437449877
MLS# 30342190 
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-23-2024 6:15 AM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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