604 New Haven Court, Fripp Island, SC 29920

$249,000
2
BD
2.1
BA
1,474
SqFt
List Price
$249,000
Status
ACTIVE
MLS#
162827
Year Built
1981
Style
Two Story
Bedrooms
2
Bathrooms
2.1
Half-baths
1
Living Area
1,474
Region
Fripp Island

Property Description

Don't miss this opportunity to purchase 604 New Haven with current Rental Revenue exceeding expenses including club dues for full membership. Rental Revenue for 2017 was $24,820 and $22,773 for 2018. Total annual expense for 604 New Haven is $3,919 Regime Fee, $1,500 Ins. $2,512 for Taxes, FIPOA $1,008, and Full Member Club Dues of $6,339 totaling $15,278. Revenue versus annual expense is delivering positive cash flow in excess of $7,000 per Yr. At $249,000, one of the lowest priced condos available, hosting two bedrooms, two and a half baths, 1,474 sq. ft. sold fully furnished as you see it. 2018 Renovations include new wood stairs, smooth ceilings, ceiling fans, new carpet in master, luxury vinyl in up stairs foyer & master bath. Enjoy Ocean Views & Breeze from your private deck

Additional Information

Taxes
$2,512
Heating
Central Electric, Heat Pump
Cooling
Central Electric, Heat Pump
Waterfront Desc
Oceanview
Floors
Laminate Floors, Some Carpet, Tile
Construction
Concrete Block, Frame, Stucco
Roof
Composition A/S
Garage Desc
1 Bay Attached
Foundation
Elevated
School District
Beaufort High, Ladys Island Middle, St. Helena

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BHHS Bay Street Realty.