1126 Ocean Blvd, Isle Of Palms SC
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General Details
Listing Description:
The Palms Hotel is a worry-free investment - existing management, marketing and customer-base allow owners to reap steady cash-flows. Great opportunity to own a little piece of heaven on the Front Beach of Isle of Palms. This condo-tel unit is located in the center of the top floor, with expansive views of the ocean. The unit includes a refrigerator, microwave and coffee maker. Individual owners are a 1/68th owner in a horizontal gross regime. Fee splits are 62% for owners to 38% for the existing management companies. Owner says this unit produces $25k to $27 net income per year. Condo-tel is an income producing property, and has covenants & restrictions that limit use.
Property Details
School Information
Additional Information
Lot Description: Beach Access, Beachfront
Misc. Exterior: Deck, Abv Grd Pool
Listing provided courtesy of Carolina One Real Estate.
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2012 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
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