For sale by owner – One bedroom condo just a block from the beach on Center Street! This is a vacation rental investment property for us, we also own the unit next door, and we have revenue history going back to 2012. A turn-key vacation rental that already has bookings into the summer, this is the rare rental property that is in the black immediately, and an opportunity to own a piece of Folly. It has returned approximately 5% annually, plus appreciation of property value.
The condo is approximately 400 square feet and comes with one deeded, off-street parking space, and a shared deck overlooking Center Street. The interior was completely renovated and thoughtfully designed to be a full-time home. Brand new Trane XR14 HVAC installed this summer at $6,000. This condo comes completely decorated and furnished, including one queen size bed (bedroom could hold two queen beds), and a couch that can be configured to queen size too! All dishes, cookware, and appliances stay, including full size refrigerator and a washer/dryer combo. Everything’s included & ready for rentals! (Linens/towels are property of rental management company.)
$210,000 — 1 BR, 1 BA, ~400 sq. ft. condo. HOA is currently $201/month. We can close quickly and you can begin earning during the peak rental season!
Due to the mix of commercial and residential properties in the HOA, this condo cannot be financed through traditional bank financing; buyer will need a commercial loan or cash purchase. No owner financing; serious inquiries only please.
Complete the fields below for more information. Due to rental bookings, showings will be limited and must be arranged through owners.
Square footage is approximate based on records; buyer to verify & satisfy themselves.