Description of 1010 Ocean Blvd #103, Isle Of Palms, SC 29451
Listing details for 1010 Ocean Blvd #103, Isle Of Palms, SC 29451 : Don't miss this incredible opportunity to purchase a turnkey Ocean Front Rental Property in the Heart of Isle of Palms! This well maintained condo is a true delight and offers your own direct access to the pool and the boardwalk to the beach. The living space features hardwood floors, an open floor plan and beautiful ocean views. The kitchen is appointed with maple cabinets, granite counters, a double embedded sink, and an eat at bar. The great room is bright and sunny with a wet bar, ceiling fan and porch access. The master bedroom offers ocean views and private access to the patio, a spacious bathroom with dual vanity, garden tub, walk in shower, and dual closets. The other three bedrooms are all a great size with lots of closet space. CLICK MORE...The following items have been updated:
HVAC 2015 with a paid maintenance plan until Fall 2016
Dishwasher 2008
Refrigerator 2012
Dryer 2012
Bedroom mattress 2008 & 2014
TV Living room 2006, 2008, 2011
TV Master BR 2013
Patio furniture 2009, 2012, 2013
The condo is managed through VRBO and homeaway. The property is rented almost year round and has quite a few repeat visitors every year.
Rental Income is as follows:
2013 $76,883
2014 $95,812
2015 $99,430
Over $60,000 on the books for 2016 as of 2/8/16
HOA Breakdown is as follows:
$845 goes to Insurance
$127 goes to Reserve funding
$665 goes to Maintenance
$103 goes to Mgmt/Legal/Acct
Maintenance fund is used for:
Elevator
Landscaping/Mulch/Flowers
Pool Contract/Maintenance
Pest Control
Dryer Vent cleanout
Safety & Fire Systems
Gate Maintenance
Boardwalk Maintenance
Powerwashing
Water for building & pool
Electric for common areas
Building repairs
Annual roof inspection/repairs
Buyer to verify schools, taxes, square footage, amenities, HOA Fees, Buyer transfer fees, and anything else deemed important.