NOT LISTED FOR SALE

Estimated Value: $845,000 - $1,483,000

6 Beds
2 Baths
2,163 Sq Ft
$500/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $900,000 $416 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,546/month

134 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Stacked Washer and Dryer
  • Property is near a bus stop
  • Wood Siding
  • 5-minute walk to Elliotborough Park and Community Garden

About This Home

As of May 2017

Just re-leased at $2,200 per two bedroom! Excellent turn-key investment opportunity. Three, two bedroom units in two separate buildings with off- street parking. Also great property to live in one unit and rent out the other two. The property was completely rebuilt in 2015 and is in great condition. Gross rent projected at $6,200 per month, $74,400 annually. Most recent lease signed at $2,200 per month. Insurance is $1,532 per year. Located in ''X'' flood zone. Unit A: 2 Bedrooms, 2 Baths, 733 square feetUnit B: 2 Bedrooms, 2 Baths, 733 square feetUnit C: 2 Bedrooms, 2 Bath, 698 square feetBuyer to verify all property information. Broker and owners make no representations or warranties, expressed or implied, as to the accuracy of the information.

Last Agent to Sell the Property

Trey Sedalik

Prospect Real Estate Brokers License #43471 Listed on: 11/21/2016

Last Buyer's Agent

Arnold Ruiz

Keller Williams Realty Charleston License #95307

Keller Williams Realty Charleston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,348

Year Built

  • Built in 1935

Lot Details

  • 3,049

Parking

  • Open Parking

Home Design

  • Triplex
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 2,163 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Dishwasher
  • Stacked Washer and Dryer

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Cooling Available
  • Heating Available
  • Private Sewer

Additional Features

  • 3,049 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Tenant pays for electricity, heat, water & sewer

Community Details

Overview

  • 3 Units
  • Elliotborough Subdivision

Building Details

  • Operating Expense $8,511
  • Gross Income $74,400
  • Net Operating Income $65,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,348

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1935
  • Lot Size Acres: 0.07
  • Subdivision Name: Elliotborough
  • Directions: From Spring Street, Make A Right On Sires Street. The Property Is On The Left.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer/Dryer Stacked, Washer
  • Total Bedrooms: 6
  • Entry Location: Ground Level
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space, Slab
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other (Use Remarks)

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line

Schools

  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Heat, Water & Sewer

Tax Info

  • Tax Map Number: 4600803092

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 74400
  • Property Net Operating Income: 65889
  • Annual Operating Expense: 8511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2016
Closed on
May 16, 2017
Sold by
15 Sires Street Llc
Bought by
Jaglal Ramnarine
Seller's Agent
Trey Sedalik
Prospect Real Estate Brokers
Buyer's Agent
Arnold Ruiz
Keller Williams Realty Charleston
List Price
$939,000
Sold Price
$900,000
Premium/Discount to List
-$39,000
-4.15%
Current Estimated Value
$1,082,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,385
Avg. Annual Appreciation
5.36%
Original Mortgage
$656,350
Outstanding Balance
$547,698
Interest Rate
4.05%
Estimated Equity
$844,268

Purchase Details

Closed on
Sep 22, 2014
Sold by
Washington James
Bought by
15 Sires Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,243
Interest Rate
4.15%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 3, 2011
Sold by
Washington James
Bought by
Rivers Luther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.77%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jaglal Ramnarine -- --
15 Sires Street Llc $251,000 --
Rivers Luther $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaglal Ramnarine $656,350
Closed Jaglal Ramnarine --
Closed Jaglal Ramnarine $656,350
Previous Owner 15 Sires Street Llc $413,243
Previous Owner Rivers Luther $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $900,000 -4.2% $416 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $939,000 -- $434 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,348 $31,850 $0 $0
2023 $9,348 $31,850 $0 $0
2022 $8,620 $31,850 $0 $0
2021 $8,515 $31,850 $0 $0
2020 $8,454 $31,850 $0 $0
2019 $14,876 $54,000 $0 $0
2017 $7,210 $27,000 $0 $0
2016 $6,979 $27,000 $0 $0
2015 $3,811 $15,060 $0 $0
2014 $2,261 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 16029885

CHS Regional MLS

APN: 460-08-03-092