***NEW LISTING***
114 & 116 E. Indian Avenue, Folly Beach, SC 29439
List Price: $755,000
**NEW & RIDICULOUS PRICING** One of Folly’s best kept SECRETS is 116 E. Indian Ave! Or, should we say 114 E. Indian(TMS#328-10-00-054) AND 116 E. Indian, that’s right, you are getting all of this for a RIDICULOUS PRICE and it may be a LIMITED OFFER SO DONT MISS THIS OPPORTUNITY! The listing has something for every buyer! With a large lot(s)(per the seller, 29 sq. ft. short of being three (3) full lots) and several houses it has unlimited potential/opportunities. Whether you are looking for a great investment for vacation or long term rental income then look no further! If you are looking for a primary residence but would love to have rental income to help with the mortgage then look no further! If you are looking for a LARGE LOT(S) on the Folly River to build your DREAM ESTATE, then LOOK NO FURTHER! The main house was occupied by the family for many years and is now a rental. There is also a duplex on the property in which the 2nd floor is still occupied by family and then the third building is also a duplex. Currently four (4) of the units are used for rental income and has the potential to bring in about $45,000-$50,000.00 a year (long term estimate only). The property is equipped with a BOAT HOUSE that appears to be structurally sound and many years ago, the owner built a dock which was accompanied by a floating dock sitting in the tidal creek. Although there is not a dock that reaches the river at the present time, the owner thinks it’s possible to get a dock permit to do so(if Buyer wants a dock, its their job to research and perform any due diligence). As of right now the Tidal Creek will allow small crafts to reach the river during a two & a half hour TIDAL window. Speaking of the Tidal Creek, it has some of the best tasting and most plentiful clams in the Folly River. The boat ramp appears to be in need of repair but is believed to be salvagable. Last but not least, the views from this property will rival the best Folly has to offer! From the EXTREMELY LARGE lot(s), the several homes which allow for a GREAT RETURN ON INVESTMENT, private boat ramp, boat house and tasty clams, you can easily see how this property is truly one of a kind! This is NOT a short sale but a very MOTIVATED SELLER W/RIDICULOUS PRICING! Folly Beach has seen a much improved market in 2012 and experts expect this trend to continue! For those of you not familiar with the Beach, it has a prime location because of it’s close proximity to Downtown Charleston. Some of the amenities are: Boat Landing, County Park, Folly Pier, Basketball/Tennis Courts, Trash Pickup, Sandy Beaches and more! With this property’s close proximity to Center Street, the HUB of Folly, it allows most of Folly’s Nightlife, Restaurants and Shopping to be within WALKING DISTANCE! Due to the many houses a lot of the description choices have been left blank. L/A has not confirmed the actual amount of beds/baths. ***AGENTS MUST READ NOTES***
If square footage is important – MEASURE!!
If you have any questions regarding this listing and more, please contact Joshua Brandner, Realtor, Fred Holland Realty (843)343-1307 or [email protected]
Avg. Sales Price: $202000
Avg. Days on Market: 118
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