1126 Ocean Boulevard Unit 3 Units

Key Details

  • Price: $600,000
  • Beds: 3
  • Full Baths: 3
  • SqFt: 950

Full Features

  • Status: Active
  • Type: Single Family Attached
  • Garage: No
  • Off-Street Parking: Yes
  • Fireplace: No
  • Stories: 3
  • Year Built: 2000
  • DoM: 360 days
  • Listed: 3/13/2020

Description

Opportunity to buy 3 Hotel rooms in The Palms Hotel, front beach Isle of Palms. This is not a ''move in and live'' real estate sale offering. This is an offering to own a piece of a limited supply, front beach hotel. Property was closed for major renovations for well over a year and re opened in January 2018. Offering is for 3 interior hotel rooms that had gross revenue of about 38k per room. Management agreement with hotel operator revenue share, condo regime fees etc come out of owner revenue. Owners may use up to 28 days total in a year subject to rules and regs. This beautiful ocean front Hotel offers continental breakfast, and on site swimming pool. Hotel does not coordinate viewings, shown by appointment only. Additional units available. HOA transfer fee applies

Location

Schools

Elementary: Sullivans Island
Middle School:   Moultrie
High School: Wando

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Listed by: The Peninsula Company, LLC       MLS Disclaimer

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