1126 Ocean
OCEANFRONT COND!! 1 BR/1 BTH...Thoroughly renovated in 2018. Private, covered balcony overlooking the Atlantic Ocean and beach. Walk to a number of oceanfront restaurants. Granite Countertops in the unit. The Palms Hotel has 68 of these units with only 18 overlooking the ocean like this. Owners can reserve their own unit up to 28 days annually. Gross Revenue has been $86,000 annually. Net Operating Income after all expenses excluding mortgage interest has been $40,000. Financing Available.
Essential Information
- MLS® #24015728
- Price$499,000
- Bedrooms1
- Bathrooms1
- Full Baths1
- Square Footage414
- Square Footage414.00
- Acres0
- Year Built2000
- TypeResidential
- Sub-TypeSingle Family Attached
- StatusActive Contingent
Community Information
- Address1126 Ocean
- AreaIsle of Palms
- SubdivisionThe Palms Hotel
- CityIsle of Palms
- CountyCharleston
- StateSC
- Zip Code29451
Amenities
- Garage Spaces0
- ParkingOff Street
- Has Private PoolYes
- Pool FeaturesPool - Elevated
Interior
- InteriorCeiling - Smooth, Elevator
- HeatingForced Air, Heat Pump
- CoolingCentral Air
- Stories1
Exterior
- Exterior FeaturesBalcony
- ConstructionBlock/Masonry
- Foundation DetailsRaised
School Information
- ElementarySullivans Island
- HighWando
Listing Details
- OfficeCarolina One Real Estate