Address
15-B, 17, 21 and 23 Charleston, SC
Price
$ 3,265,000
Property Attributes
  • MLS#30541322
  • TypeCommercial
  • CountyCHARLESTON
  • CityCharleston
  • AreaCharleston Outside Crosstown
  • Zip29403
  • Style
  • Price$ 3,265,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Carolina One Real Estate
Property Description

PRIVATE ENCLAVE OF RESIDENTIAL UNITS WALKING DISTANCE TO MUSC. ****3 DUPLEXES*** AND... A SIX-PLEX**** 21 PARKING SPACES. BEAUTIFULLY RESTORED COMPLEX OF 4 BUILDINGS SURROUNDING TWO GRAVEL PARKING LOTS. ***CAP RATE SHOULD BE AROUND 6.0 PERCENT. ***CHECK OUT THE PHOTOGRAPHS OF THE UNITS. ROOM FOR INCREASING THE RENTS ON THE NEXT CYCLE. "DUPLEXES ARE EXTREMELY DESIRABLE TO MILLENNIALS BECAUSE OF THEIR ABILITY TO LEGALLY RENT ONE UNIT ON A NIGHTLY BASIS WHILE OCCUPYING THE OTHER UNIT. THIS LENDS ITSELF TO EVENTUALLY SELLING OFF THESE UNITS SEPARATELY AT A HEALTHY PROFIT. THE INCOME FROM NIGHTLY RENTALS OF ONE UNIT OF A DUPLEX WILL GENERALLY PAY YOUR MORTGAGE PITI PLUS GIVE YOU A POSITIVE CASH FLOW OF $1,500-$2,500/MONTH ABOVE THE MORTGAGE PAYMENT PLUS MANAGEMENT COSTS. "

Price History
12/11/2019 Listed $3,925,000
4/7/2020 17% - $3,265,000

General Features

Property Sub Type Duplex/Fourplex
Property Type Multi-Family
Submarket 52 - Peninsula Chas. outside of crosstown
Zoning DR-2F

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29403

Price
AVG $3.7M
$3.27M
Visits
AVG 49
12

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.