AWESOME OCEANFRONT CONDO, 1 BEDROOM/1 BATH... THOROUGHLY RENOVATED IN 2018. PRIVATE COVERED BALCONY OVERLOOKING THE OCEAN AND BEACH. WALK TO A NUMBER OF OCEANFRONT RESTAURANTS.... GRANITE COUNTERTOPS. THE PALMS HOTEL HAS 68 CONDOTEL GUEST ROOMS. OWNERS CAN HAVE UP TO 28 DAYS ANNUALLY FOR PERSONAL USE OF THEIR UNIT. ....3 MONTHS REGIME FEES ARE REQUIRED FROM BUYER AT CLOSING AS A WORKING CAPITAL CONTRIBUTION. ......BUYERS MUST SIGN A HOTEL MANAGEMENT AGREEMENT WITH THE PALMS HOTEL. LAST YEARS GROSS REVENUE WAS $85,000...NET OPERATING INCOME WAS $36,377. FINANCING AVAILABLE. LIST AGENT IS RELATED TO SELLER,
Listing
Street
Satellite
Exterior Features
Style Condo Regime,Condominium,
Siding Block/Masonry
Garage Yes
Garage Description Off-Street Parking
Water Public Sewer
Sewer Public Sewer
Lot Dimensions -0-
Lot Description Beach Access,Beachfront,Ocean View,Waterfront - Deep,0 - .5 Acre
Interior Features
Heating Forced Air,Heat Pump
Cooling Central Air
Basement Elv. Construction
Year Built 2000
Stories High Rise,1 Story
Neighborhood & Schools
Subdivision The Palms Hotel
Elementary School Sullivans Island
Middle School Moultrie
High School Wando
Financial Information
Listing Information
Properties displayed may be listed or sold by various participants in the MLS.