116 E Indian Avenue, Folly Beach

$3,375,000

12 Beds
12 Baths
4,684 Sqft
.35 Acres
0 Garages

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

Essential Information
MLS® #21002797
Price$3,375,000
Bedrooms12
Bathrooms12.00
Full Baths12
Square Footage4,684
Acres0.35
Year Built1969
Property TypeResidential
Sub-TypeSingle Family Detached
StyleContemporary
StatusActive
SubdivsionFolly Beach
Community Information
Address116 E Indian Avenue
SubdivisionFolly Beach
CityFolly Beach
CountyCharleston
StateSC
Zip Code29439
Area

22 - Folly Beach to Battery Island

Amenities
FeaturesTankless Water Heater
GaragesOff-st Prkng
Is WaterfrontYes
Interior
Interior FeaturesOther
CoolingCentral, Window Unit
FireplaceYes
FireplacesOther
StoriesSplit Level
Mother-In-Law SuiteNo
Interior

Ceramic Tile, Laminate, Wall to Wall Carpet, Wood

Exterior
ExteriorOther, Wood Siding
RoofArchitectural, Other
ConstructionPre-Owned
FoundationCrawl Space, Slab
Exterior Features

Covr'd Patio, Deck, Other, Patio, Shared Dock, Porch - Front Porch, Balcony, Dock Permit

Lot Description

Marshview, River Access, Riverfront, River View, Tidal Creek, W/frnt-deep

School Information
ElementaryJames Island Elementary
MiddleCamp Road
HighJames Island Charter
Additional Information
Days on Website75
Listing Details
OfficeCarolina One Real Estate
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