Isle Of Palms, SC, 29451-2150 - For Sale

Type:	Single Family
Address:	616 Palm Blvd, Isle Of Palms, SC, 29451-2150
Bedrooms:	5
Bathrooms:	3.0
Year Built:	N/A
Sq. Footage:	2200.0
Price/Sqft:	$295.45
Property Tax:	new! $2,638
Price:	$650,000
Sale Type:	For Sale by Agent

Listing added: 2009-02-12

Additional features: School district: LAING, , SULLIVANS ISLAND, WANDO

PRICE JUST DROPPED $100,000. MOTIVATED SELLER. THIS IS NOT A SHORT SALE. OWNER IN PROCESS OF DRAWING PLANS AND PUTTING IN A STAIRCASE IN HOUSE TO CONNECT BOTH UNITS TO MAKE ONE. The seller will consider providing partial OWNER FINANCING with acceptable offer to allow for a non-jumbo primary mortgage! This fully furnished vacation rental property typically produces approximately $50,000 in rental income per year. The 2007 rental income was $57,936.50. The owner will convey all internet advertising (multiple web sites, including a second position listing on VRBO.com) to ensure consistent rental income. Owner will also convey the existing management process, which only costs $1,200 per year in management fees. Real Estate sales may be slow but, vacation rentals on Isle of Palms are as strong as ever. This combined with historically low interest rates make this the perfect time for the shrewd investor to buy vacation rental property on Isle of Palms. This large, fully furnished home on Isle of Palms* offers, fantastic views of beautiful Hamlin Creek, a private swimming pool with sun deck, and easy beach access. Only a three minute walk to the beach, this property provides very direct beach access. After returning from the beach, the kids can continue having fun in the private swimming pool while you keep an eye on them from the sun deck or the second floor sun room. Fun plus convenience will equal relaxation for you! With five bedrooms (four Queen beds and two Twin beds), two sleeper sofas (Queen size) in the two living rooms, three full bathrooms, two full kitchens, sun room and two large screened porches, this home can easily accommodate 12 guests. Amenities to convey: Wireless Internet, Cable TVs, DVDs, Cordless Telephones, Answering Machines, Air-conditioning, Washer/Dryer, Two Full Kitchens, Gas Grill, Refrigerators w/ Ice makers, Dishwashers, Microwaves, Toasters, Coffeemakers, Dishes/utensils provided, Linens included. *Isle of Palms is an uncrowded barrier island only 20 minutes from historic downtown Charleston, SC.

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