Viewing Listing MLS# 21002796

  • $3,475,000
    No Recent Price Change
  • 116 E Indian Avenue
    Folly Beach, SC 29439
N/AFull Baths
N/AHalf Baths
1940Year Built
  • MLS# 21002796
  • Multi Family
  • Active

AreaFolly Beach

Agent Remarks

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

Bathroom Info

Unit Baths:  2.00

Unit Baths:  1.00

Unit Baths:  5.00

Unit Baths:  2.00

Building Info

Year Built:  1,940

Exterior Features

Exterior:  Aluminum Siding, Wood Siding

Architectural Style:  Other

Lot Info

Acres:  0.35


Property Info

Special:  Flood Insurance

Room Info

Ground Level:  No

Sale / Lease Info

Sqft Info

Unit Sqft:  1,760

Unit Sqft:  828

Unit Sqft:  554

Unit Sqft:  706

Sqft:  4,684

Tax Info

Tax Map:  3281000053

Unit Info

Unit Bedrooms:  2

Total Numunits:  5

Unit Bedrooms:  5

Unit Bedrooms:  2

Unit Bedrooms:  1


Elem:  James Simons

Middle:  James Island

High:  James Island Charter

Courtesy of listing office Carolina One Real Estate 

Featured Lender

Laurie Holscher

South State Bank


Laurie is a native Charlestonian with a keen knowledge of the Lowcountry mortgage market and more than 15 years in the financial industry at South State Bank. She was named South State Bank’s No.1 individual producer in Mortgage Sales in 2012 and 2013, and is consistently amongst the top 1% of mortgage bankers at South State earning the confidence and loyalty of countless Lowcountry residents by providing exceptional service. She is a graduate of College of Charleston and South Carolina Bankers School. Laurie specializes in jumbo lending, conventional loans, physician loans, lot loans, and construction loans, and understands that communication is key to delivering exceptional service during the home loan process. When she is not helping customers with their mortgage needs, Laurie and her husband, Ted enjoy spending time with their three children.

Contact Laurie today and let her expertise work for you.

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On since Wed, Feb 3rd 2021
No Property History recorded for this listing.
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