179 Queen St Unit 1, 2, 3, 4, 5 Charleston, SC 29401

Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BA
Leased: STR ~$5,500*

Unit 2: 3 BR/ 2 BA
Leased Executive ~$4,600*

Unit 3: 1 BR/ 1 BA
Leased Long Term $2,500
Ends 3/31/23

Unit 4: 3 BR/ 1 BA
Leased Long Term $2,600
Ends 7/29/22

Unit 5: 2 BR/ 1 BA
Leased Long Term $4,500
Ends 12/18/22

*Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month.

2021:
Gross income = $172,306
Expenses = $57,345
NOI = $114,961

Projected 2022 Gross Income: $230,000