Description
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,
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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414SQFT
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$1,255$/SQFT
School Information
Description
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,
Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Charleston West Ashley.
Data last updated: 2023-06-06T02:10:26.29.