Address
106 E Erie Avenue Folly Beach, SC
Price
$ 4,750,000
Property Attributes
  • MLS#21032914
  • TypeMulti-Family
  • CountyCHARLESTON
  • CityFolly Beach
  • AreaFolly Beach
  • Zip29439
  • Style
  • Price$ 4,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5657
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Luxury Simplified Real Estate, INC
Data Source:
Charleston Trident MLS (CTARMLS)
Property Description

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.

Elementary School Middle School High School
James Island Elementary School Camp Road Middle School James Island Charter High School
Price History
12/22/2021 Listed $4,750,000

General Features

Amenities Swimming Pool
Arch Style Single Family Detached, Triplex
Elementary School James Island
High School James Island Charter
Listing Area 22 - Folly Beach to Battery Island
Middle School Camp Road
Stories 2.0
Unit Number A, B, C

Interior Features

Total Number of Units 3
Unit 1: Baths 4.00
Unit 1: Bedrooms 5
Unit 1: Sqft 2393
Unit 2: Baths 2.50
Unit 2: Bedrooms 3
Unit 2: Sqft 1632
Unit 3: Baths 2.50
Unit 3: Bedrooms 3
Unit 3: Sqft 1632

Exterior Features

Acreage 0.24

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 29439

Price
AVG $5M
$4.75M
Visits
AVG 86
60
Year Built
AVG 1997
2019
Walkscore
AVG 44
52
Data Provided by Walkscore ® not using MLS data

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