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Off market
  • $1,552,500

    116 E Indian Ave #5, Folly Beach, SC 29439

    10beds
    4,684sqft
    MultiFamily
    Built in 1940
    -- sqft lot
    $1,552,500 Zestimate®
    $331/sqft
    $3,094 Estimated rent

    Home value

    $1,552,500

    $1.30M - $1.85M

    $3,094/mo

    Zestimate® history
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    $3,094/mo

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    $3,094/mo

    Rent Zestimate®

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    $6,990/mo

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    $6,990/mo

    Est. payment

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    What's special

    Folly Beach Investor Alert - 5 UNIT RIVERFRONT property with 2 deep water slips. The Riverside Inn is a very rare opportunity on Folly Beach to own an operating Bed & Breakfast Featuring 5 units. (3 Structures, 1 SFD and 2 Duplexes' over 4500 sq ft! ) This beachside boutique property located 1 block off Center St is a rental machine full of Folly charm and being sold mostly furnished- talk about a ''turn-key'' business opportunity. The views from this property will rival the best Folly has to offer! Coming by boat? Great! Pull up to the docks that are being placed there as we speak! Currently set up for short-term rental use, the potential for this property has Endless opportunities or make this a one of a kind personal residence. Would make a great small event space as well. Drop your car off and golf cart or walk to the beach. The deep water dock will provide access to some of the most beautiful and protected waterways and fishing Charleston has to offer. Kayak or Paddleboard to harvest oysters or keep your boat there full time to provide a quick trip to Morris Island. Property overview: 12 newly renovated rooms that span between 3 buildings, just the experience any visitor is looking for, with each room providing it's own theme and charm. Each structure equipped with its own laundry area + Shared Outdoor Shower . Only a few blocks to the beach and restaurants of Center Street and steps to the Folly River boat landing, you truly can't beat this location. Walk Everywhere!! 4,684 sq ft 5 meters 12 rooms total BLUE HOUSE - 1617 sq ft - 5 bedroom 5 bath- each bedroom has PRIVATE access to the home and a porch - Complete with a large open kitchen and dining "Lobby" check-in area. - New HVAC TURTLES NEST - Duplex - 1,382 sq ft - Overlooks the Folly River - Unit (1) "Turtles Nest" - 2 beds 2 Bath Full kitchen - 828 sq ft - Unit (2) "Surf Shack" - 1 bed 1 bath Full Kitchen - 554 sq ft SEAFOAM DREAMS - Duplex - 1,542 sq ft - Overlooks the Folly River - Unit (1) "Drunken Sailor" 2 beds 2 bath Full Kitchen - 836 sq ft - Unit (2) "Kings Tide" 2 beds 2 bath Full Kitchen - 706 sq ft Floor Plans in attachments. P&L statement available upon request. Sale to include completion of a Deep Water Dock including 2 slips deeded to this property. (Currently permitted and construction plans in the works.) The Riverside Inn is THE perfect place for your next Folly Beach Investment. Flood Ins - approx $7,221/ year

    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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Other
    Interior area
    • Total interior livable area: 4,684 sqft

    Property

    Features
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.35 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1940

    Community & HOA

    Location
    • Region: Folly Beach

    Financial & listing details

    • Price per square foot: $331/sqft

    Price history

    DateEventPrice
    5/3/2021Listing removed--
    Source: Carolina One Real Estate Report a problem
    3/28/2021Price change$3,375,000-2.9%$721/sqft
    Source: Carolina One Real Estate #21002796 Report a problem
    2/17/2021Listed for sale$3,475,000+858.6%$742/sqft
    Source: Carolina One Real Estate - West Islands #21002796 Report a problem
    12/20/2013Sold$362,500-14.7%$77/sqft
    Source: CTMLS #1310180 Report a problem
    8/28/2013Listed for sale$425,000$91/sqft
    Source: Fred Holland Realty #1310180 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 29439

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: JAMES ISLAND ELEMENTARY
    • Middle: JAMES ISLAND
    • High: JAMES ISLAND CHARTER

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,552,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,552,500