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508 E Ashley Ave, Folly Beach, SC 29439
Overview
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Mortgage
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508 E Ashley Ave, Folly Beach, SC 29439
Sold for $1,010,000
508 E Ashley Ave, Folly Beach, SC 29439
Sold for $1,010,000
508 E Ashley Ave, Folly Beach, SC 29439

508 E Ashley Ave Folly Beach, SC 29439

$1,010,000

CLOSED
Beds
9
Baths
6
Sqft
3,688
Acres
0.25
Year
1980
Close Date
Nov 4, 2021
Property Type
Residential
Sub Type
Single Family Detached
Per Square Foot
$274
Date Listed
Aug 16, 2021

Description of 508 E Ashley Ave, Folly Beach, SC 29439

Listing details for 508 E Ashley Ave, Folly Beach, SC 29439 : A 6 apartment rental home on Folly Beach with 6 separate meters that are grandfathered in. There are 4 small ground floor units and 2 larger upstairs units with a garage in back that tenants have converted into a music studio/lounge. Very ''old school Folly vibe''. Lots of potential for investors looking for investment income. Current owner has had long term tenants all on month to month leases but rent is very low and could be substantially increased with some upgrades and repairs. Rental income in 2019 and 2020 was $61,335 and $64,985 respectively. In fair condition but needs some TLC. Being sold ''AS IS WHERE IS''. You could also demolish the house and build a new home just 1 block from the beach.Buyer to verify all information deemed to be impor
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Listing Updated : 04-02-2026 at 4:03 AM EDT
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Listing Provided By

Lisa Clayton, Carolina One Real Estate

Properties displayed may be listed or sold by various participants in the MLS

Source

CTMLS, MLS#: 21022429

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Property History

DateEventPrice
11/4/2021
Sold
$1,010,000
$274/sqft
Source:CTMLS #21022429
8/16/2021
Listed for sale
—
Source:CTMLS #21022429

Location of 508 E Ashley Ave, Folly Beach, SC 29439

Streetview of 508 E Ashley Ave, Folly Beach, SC 29439

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.
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508 E Ashley Ave, Folly Beach, SC 29439
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