Address
70 Queen St 1-12,15-17 Charleston, SC
Price
$ 1,875,000
Property Attributes
  • MLS#30720551
  • TypeContingent
  • CountyCHARLESTON
  • CityCharleston
  • AreaCharleston Inside Crosstown
  • Zip29401
  • Style
  • Price$ 1,875,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Carriage Properties LLC
Data Source:
Charleston Trident MLS (CTARMLS)- 13 - SC
Property Description

This listing is for fifteen spaces that are located in a twenty seven space lot. The spaces have been generating excellent income and is managed by HAH. These spaces are the first twelve on the west side of the lot, closest to Queen. Space 11 is not owned by the seller, but the owner is in the process of swapping his space to a different one to allow a contiguous group. The remaining three spaces are on the east side of the lot closest to the Gibbes Museum. Currently the spaces that are rented short term are managed by HAH parking app. Regime is expected to be about $60 per year per space ($40 for insurance, $20 for reserves for eventual repaving).The only other expense will be property taxes as the gross income noted as already seen the management fee taken out. Seller began having non payers towed in the middle of May 2021 and has seen a drastic increase in income. It went from a $14 per day per space average in daily income to $30 to $40 per space per day in daily income. On average, the spaces have been generating in the neighborhood of $1,000 per month per space, which is after the management fee has been applied.

Price History
4/1/2021 Listed $1,800,000
7/30/2021 17% - $1,500,000

General Features

Property Sub Type Other
Property Type Vacant Land
Submarket 51 - Peninsula Chas. inside of crosstown
Zoning GB

Interior Features

Landsize Max 3000.000
Landsize Min 3000.000
Landsize Units SF

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 29401

Price
AVG $2.32M
$1.88M
Visits
AVG 233
46
Walkscore
AVG 84
97
Data Provided by Walkscore ® not using MLS data

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