The Palms Hotel is a worry-free investment - existing management, marketing and customer-base allow owners to reap steady cash-flows. Great opportunity to own a little piece of heaven on the Front Beach of Isle of Palms. This condo-tel unit is located in the center of the top floor, with expansive views of the ocean. The unit includes a refrigerator, microwave and coffee maker. Individual owners are a 1/68th owner in a horizontal gross regime. Fee splits are 62% for owners to 38% for the existing management companies. Owner says this unit produces $25k to $27 net income per year. Condo-tel is an income producing property, and has covenants & restrictions that limit use.