Incredible 3-unit investment property for sale across from the ocean with excellent cash flow. Mermaid’s Compound is currently generating close to $2,000/night between all three units with very strong occupancy rates. Located directly across the beach, "Mermaid's Compound" is a 3-unit, 9-bedroom, 13-bed beachside compound that offers the true Folly Beach experience. Just steps to the ocean, this bright and airy beachside compound has been newly renovated and decorated. Live in one unit and rent out the other two. Or, collect rental income from all three units. Either way, a multi-family unit on Folly Beach like this is rare and hard to come by. There are three units total: a Main 5-bedroom house that features two master bedrooms each with private decks, and two 2-bedroom cottages, with shared yard space. Each unit offers its own grill and private outdoor porch. In total, there are 9 bedrooms with 13 beds, plus 3 sofas to accommodate a total of 24 guests. Each of the units can be rented separately or together. There are a total of 10 parking spaces between all three units, in addition to free street parking. This property generates very strong rental income with little vacancy and boasts one of the LARGEST bedroom counts found on all of Folly Beach. The compound is spacious enough to fit a large family or group of friends, making it the perfect beach getaway. The house is located directly across from the ocean, with beach access right across the street. Walk 1-minute to the beach, or walk/drive to Folly's main Centre Street where you'll find vibrant beachfront restaurants, shops, and bars with live music. Or, take a 20-minute scenic drive and explore downtown Charleston. With its beautiful beaches and bohemian vibe, Folly Beach is a truly special place to live. The property is turnkey and being sold fully furnished. * Mermaid’s Compound is currently generating close to $2,000/night between all three units, with very strong occupancy rates. Financials are available upon request. ** Listing agent is the Owner. Please call Nicole at 516-241-6543 or e-mail at nicolerothstein@gmail.com for further information or to schedule a showing. *** Current management can stay in place through an ownership transition.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
