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1126 Ocean Boulevard

Isle Of Palms, SC 29451
  • $292,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: 24000860
UPDATED: 184 min ago
$292,000
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 296
    SQFT
  • $986
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2000
County:

School Information

Elementary School:
Middle School:
High School:

Description

Opportunity to buy into ownership at the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for a hotel room as part of Palms hotel. Owner must participate in hotel management agreement. Offering at list is over a 7.25 % NOI. This is NOT an opportunity to move into the property. This is buying a room in a fully operational ocean front hotel. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Hotel room offered here is an interior unit NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and room. Viewings are limited.Hotel Rooms are not eligible for most traditional forms of financing. Most all sales on this product are in cash.

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Charleston Trident Association of REALTORS® logo 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 Rainbow Row Real Estate. Data last updated: 2024-06-15T23:31:17.607.
www.rainbowrowrealestate.com/homes/146581380
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1126 Ocean Boulevard Isle Of Palms, SC 29451

  • Price: $292,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 184 min ago
  • ID#: 24000860
1
Beds
1
Baths
0
½ Baths
N/A
Acres
296
SQFT
$986
$/SQFT
2000
Built
Neighborhood:
None
County:
Charleston
Area:
Isle of Palms
Elementary School:
Sullivans Island
Middle School:
Moultrie
High School:
Wando
Property Description
Opportunity to buy into ownership at the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for a hotel room as part of Palms hotel. Owner must participate in hotel management agreement. Offering at list is over a 7.25 % NOI. This is NOT an opportunity to move into the property. This is buying a room in a fully operational ocean front hotel. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Hotel room offered here is an interior unit NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and room. Viewings are limited.Hotel Rooms are not eligible for most traditional forms of financing. Most all sales on this product are in cash.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Foundation Details Raised Garage YN No Other Structures None Parking Features Other (Use Remarks) Pool Features Pool - Elevated Pool Private YN Yes Waterfront Features Beach AccessBeach Front Waterfront YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Fireplace YN No Heating Electric Heating YN Yes Levels 3 Stories

Property Features

Listing Terms CashOther (Use Agent Notes) New Construction YN No Property Attached YN Yes Property Sub Type Single Family Attached Sewer Public Sewer Structure Type Condo RegimeCondominium Utilities Dominion EnergyIOP W/S Comm Water Source Public

Charleston Trident Association of REALTORS® logo Listing courtesy of The Peninsula Company, LLC: 843.412.2221.


Charleston Trident Association of REALTORS® logo 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 Rainbow Row Real Estate. Data last updated: 2024-06-15T23:31:17.607.
 
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Rainbow Row Real Estate
4900 O'Hear Ave, Suite 100
North Charleston SC, 29405