1002 E Erie Ave Folly Beach, SC 29439

Listing details for 1002 E Erie Ave, Folly Beach, SC 29439 : FIRST ITEM YOU NEED TO NOTE IS EXTRA LARGE LOT WITH TIDAL CREEK ACCESS TO THE FOLLY RIVER!!! A 1/3 ACRE LOT ON Folly Beach that is on a tidal creek with direct access to river and a hop and a skip to the beach is a dream come true! THE POSSIBILITIES WITH THIS PROPERTY ARE ENDLESS!!! 2nd you have an income producing property of 2 rentals of $31,200 yearly!! Live in the larger side and use the $1200 per month rent from the smaller side to offset your payment. Both units have virtually their own outdoor space. The large side looks out to the Folly River and has a private courtyard space. The .32 acre lot with tidal creek access is almost unheard of and in addition you are just a few minute walk to the beach!. This lot and duplex have more potential than you can imagine. The A side is smaller and rents for approximately $1200 per month. The B side ( closest to the water and marsh ) is larger and rents for $1400 per month. Great tenants in place. 2nd...Use it as a rental and then tear down and build your DREAM HOME WITH GREAT VIEWS ON THIS GREAT LOT!! Large storage building on site as well which has been re-roofed by the seller. There is a new electrical box in apartment A as well as new refrigerator, stove, gas heater, washer and roofing. This is a great investment! Buyer to verify lot size, zoning, sq footage, schools and anything else they deem to be important! SOLD "AS IS". ALL APPLIANCES DO CONVEY. Flood insurance is $1,990 p/yr and Hazard insurance is $4,025 p/yr. Professional measuring report shows square footage at 2488. If square footage is important - MEASURE!!