$5,000,000
Sullivans Island, SC 29482
MLS# 21006374
Status: Closed
4320 sqft


Atlantic Ocean
  1 / 54  
Atlantic Ocean 2907 Marshall 2907 Marshall Rear Aerial Sullivan's Island Oceanside Front Porch - Unit A Living and Dining Area - Unit A Living Area - Unit A Living Area Unit A Oceanside Living Unit A - Kitchen Unit A - Kitchen to Living and Dining Unit A - Kitchen Unit A - Hallway : Balcony overlooks Liv Master in Unit A Master Bedroom Barn Door Unit A Unit A - Bedroom 2 Unit A - Bedroom 3 Unit A - Bedroom 3 Unit A Bedroom 4 Unit A - Main Floor Bath with Soaking Tu Unit A Deck View Unit A Deck Unit A Oceanside Deck Unit A Deck Staircase Evening Stroll Beachside View Unit B Oceanside Deck Unit B Deck and Entry Unit B Living : Dining Unit B Ocean View Unit B Living Area Unit B Living Unit B Dining Area Unit B Kitchen to Dining Unit B Stainless Appliances Unit B Stacked Laundry Unit B Shower Unit B Bath Unit B Bath : Barn Door Unit B Bedroom 1 Unit B Bedroom 2 Unit C Exterior Unit C Deck and Entry Unit C Living : Dining Unit C Dining Unit C Kitchen Unit C Galley Kitchen Unit C Laundry Unit C Bathroom Unit C Bedroom 1 Unit C Bedroom 2 Relax in the breeze Sunset View

Property Description
OCEANFRONT, this half acre property is currently used as three units, providing consistent income with one coveted short-term rental license and two monthly licenses. The largest unit can be used as the owner's residence or rented long term. The two smaller units have both short term and monthly rental income. This is a rare opportunity to own investment property on Sullivan's Island while living on the beach. Need one large home? The grand beach house can again be used as a large family gathering place with privacy for multiple families. Prefer to build? This is one of the largest lots available oceanside for new construction. The town a short beach stroll or golf car ride away, 2907 Marshall is a great personal residence or investment opportunity.

Details
Contract Info
Primary Structure List Price/SqFt: 1203.7
MLS List Date: 2021-03-11
Status: Closed
List Price: $5,200,000
Current Price: $5,000,000
Location, Tax & Legal
Legal Description: LOT2 BLK 8, Marshall Reservation
Tax Map #: 5291200067
County: Charleston
State: SC
Zip Code: 29482
Area: 43 - Sullivan's Island
Tax District: 23 - Town of Sullivan's Island
Subdivision: None
Elementary School: Sullivans Island
Middle School: Moultrie
High School: Wando
Directions: From Ben Sawyer Boulevard across Ben Sawyer Bridge, turn left on Jasper Boulevard. Continue to Station 29 and turn right. At Marshall Boulevard, turn left and it will be the second house on the right.
General Property Info
# Stories: 2
Ground Level: No
Lease Purchase: No
Potential Short Sale: No
Number of Units: 3
Primary Structure Apx SqFt: 4320
Year Built: 1991
Acreage: 0.49
Income, Expenses & Fees
Gross Income: 200000
Auction: No
Status Change Info
Sold Price/SqFt: 1157.41
New Mortgage Type: Cash
Sold Date: 2021-04-07
SqFt Source
Tax Records: 1
Unit 1
SqFt: 2798
Bedrooms: 4
Baths: 4
Unit 2
SqFt: 880
Bedrooms: 2
Baths: 1
Unit 3
SqFt: 880
Bedrooms: 2
Baths: 1
Roof
Asphalt Shingle: 1
Exterior
Wood Siding: 1
Foundation
Piling: 1
Zoning
Conforming: 1
Garage/Parking
2 Car: 1
Garage: 1
Driveway
Concrete: 1
Architectural Style
Triplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Built-In Gas Oven: 1
Ceiling Fan: 1
Dishwasher: 1
Dryer: 1
Garage Door Opener: 1
Gas Cooktop: 1
Gas Range: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Heat
Electric: 1
Amenities
Elevators: 1
Trash: 1
Sale Includes
All Furniture: 1
Building and Land: 1
Some Furniture: 1
Proposed Financing
Any: 1
Tenant Pays
Escalations Only: 1
No Utilities: 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Well: 1
Utility Suppliers
Dominion Energy: 1
SI W/S Comm: 1
Income Expenses Fees
Annual Expenses: 50000
Net Income: 150000
Property Features
SqFt Source: Tax Records
Roof: Asphalt Shingle
Exterior: Wood Siding
Foundation: Piling
Driveway: Concrete
Architectural Style: Triplex
Zoning: Conforming
Cooling: Central Air
Heat: Electric
Amenities: Elevators; Trash
Sale Includes: All Furniture; Building and Land; Some Furniture
Tenant Pays: Escalations Only; No Utilities
Proposed Financing: Any
Possession: At Closing
Utility Suppliers: Dominion Energy; SI W/S Comm
Supplements
Unit A is the large center unit with four bedrooms and four baths, used previously by the owners as a personal residence then rented monthly/long term. This unit contains a chef's kitchen with stainless appliances, recycled glass countertops, significant cabinet storage, large counter eating space, wine cooler and a double pantry. The living room wall of glass doors and windows overlooks the large deck with steps to the beach. The vaulted ceiling living room with fireplace is open to the kitchen, dining area and the upper floor. A guest bedroom/office is just off the living room. This level also contains a full bath with soaking tub. Upstairs are three large bedrooms, each with its own bath. The largest center bedroom has a large walk-in closet with built in storage and a full laundry room. The main bath has coastal tile and modern fixtures. The two additional bedrooms are carpeted for sound, each large enough to hold a king bed, dresser and desk. Each has a window seat with storage, subway tiled bathroom, a pebbled floor shower and modern fixtures. This unit has commercial Mitsubishi HVAC units recently installed with twelve-year warranties. The home has two additional smaller units, each with two bedrooms and one bath, Unit B on the north side with a vacation rental license (three night minimum) and Unit C on the south with a monthly rental license (twenty-nine night minimum). Each unit has ceiling fans in all rooms, new Mitsubishi mini-split HVAC systems, stainless appliances, a full-sized stacked washer and dryer, shower in tub and pedestal sink bathrooms. Both units have a queen bedroom and bedroom with two twin beds.

IDX
Listing Office: Reinay Holdings, LLC

Last Updated: April - 13 - 2023

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.