Wilmington Real Estate - Sea Coast Realty
514 Blockade Dr.
Pawleys Island, SC 29585

Description

This one of a kind property was only converted to true multifamily a couple of years ago when it began almost instantly producing great results through short term rentals. Located in Pawleys Island, on a quiet street and hidden behind beautiful live oaks, this property is just a few hundred feet from the inlet and less than .7 miles to the ocean. The current owner has done an amazing job of establishing each unit as a top rated and highly reviewed property. With digital combo lock door handles on every unit, a strong reputation, top rating and numerous reviews, this property has the foundation to go into autopilot and keep growing. The current property manager is willing to stay on and help with the transition or stay permanently. Even with these results, it's still a hidden gem with tons of untapped income potential! The property is made up of 2 parcels: one with the main house + 2 additional buildings and the second, a full .3 acre lot that hasn't been built on. There are now a total of 7 individual units on the property: 1) TreeTop Lodge 2bd/2ba 2) Low Country Cabin 2bd/2/ba 3) Jasmine 1bd/1ba 4) Pelican's Roost 1bd/1ba 5) Crab Shack 1bd/1ba 6) Osprey 1bd/1ba 7) Gone Fishing 1bd/1ba In addition to the 7 units, there are 10+ parking spaces, 2 laundry stations, a gazebo, large workshop, office, sleeping quarters and bathroom for staff and more. The property is zoned GR. While short term rentals keep the property open and flexible, some investors may prefer the simplicity of long term rentals, which would be a great option for this property as well!

Details

MLS#1810973
Sub-TypeResale
StatusPending - Show
Year0
Days On Site210

Features

Units7
Building(s)1

Market Activity 29585

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Area Information

StateSC
CountyGeorgetown
CityPawleys Island
Zip Code29585
Area44A Pawleys Island Mainland
Listing VS Median (in 29585)
Price:
$649,000
low | high
Med:
$289,900
100% of Average
On Site:
210
low | high
Med:
186
100% of Average
Listing Updated: 12/16/2018
MLS Number: 1810973
Listing Provided By:
Chance Gilmore  of  Consensus Real Estate