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  • Price$3,475,000
  • Beds12
  • Baths12
  • Sq. Ft.4,684
  • Acres0.35
  • Built1969

116 E Indian Avenue, Folly Beach, SC

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$3,475,000
  • Bedrooms12
  • Bathrooms12.00
  • Full Baths12
  • Square Footage4,684
  • Square Footage4684.00
  • Acres0.35
  • Year Built1969
  • TypeResidential
  • Sub-TypeSingle Family Detached
  • StyleContemporary
  • StatusActive

Amenities

  • FeaturesTankless Water Heater
  • ParkingOff-st Prkng
  • GaragesOff-st Prkng
  • Is WaterfrontYes

Exterior

  • ExteriorOther, Wood Siding
  • Exterior FeaturesCovr'd Patio, Deck, Other, Patio, Shared Dock, Porch - Front Porch, Balcony, Dock Permit
  • Lot DescriptionMarshview, River Access, Riverfront, River View, Tidal Creek, W/frnt-deep
  • RoofArchitectural, Other
  • ConstructionPre-Owned
  • FoundationCrawl Space, Slab

Additional Information

  • Days on Website27

Community Information

  • Address116 E Indian Avenue
  • Area22 - Folly Beach to Battery Island
  • SubdivisionFolly Beach
  • CityFolly Beach
  • CountyCharleston
  • StateSC
  • Zip Code29439

Interior

  • InteriorCeramic Tile, Laminate, Wall to Wall Carpet, Wood
  • Interior FeaturesOther
  • CoolingCentral, Window Unit
  • FireplaceYes
  • FireplacesOther
  • StoriesSplit Level

School Information

  • ElementaryJames Island Elementary
  • MiddleJames Island
  • HighJames Island Charter

Listing Details

  • Listing Office:Carolina One Real Estate
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