$1,225,000
SOLD DEC 24, 2024

2135 Montford Ave Unit A, B, C Charleston, SC 29403

Silver Hill-Magnolia Neighborhood
9 Beds
-- Bath
4,197 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

13% Below List Price

34 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available

About This Home

As of December 2024

Don't miss this rare investment opportunity: a 3-unit property built in 2017, situated in the heart of Downtown Charleston. This modern multi-family home offers a total of 9 bedrooms, 6 full baths, and 3 half baths across 4,197 square feet. Each unit boasts approximately 1,300 square feet of living space, featuring 3 bedrooms and 2.5 baths.Inside, you'll find high-end finishes throughout, including an open floor plan with high ceilings, stainless steel appliances, and large windows that fill the space with natural light. Units on the second and third floors feature spacious balconies--perfect for enjoying the Charleston weather.This area offers easy access to all that Wagener Terrace has to offer, a walk or short drive to Historic Downtown Charleston, but it is also adjacent to the NoMo area where there is a growing opportunity to experience this budding area which is becoming a tech hub with many restaurants and breweries providing a fresh social scene, and it's only a 10-15 minute drive to Charleston International Airport. Lastly, from an investment standpoint, this property is within walking distance to the site of the Magnolia Development which is a 20 acre site that is slated to include office and retail within its plans.

The property comes with five off-street parking spaces, a highly sought-after amenity in this area.

The 3 leases are staggered with lease renewals coming up March 1, 2025, May 1, 2025, and August 1, 2025. The property generates a total of $102,000 in gross revenue between the three units which makes it a great investment opportunity with all three units on long term leases. Conversely, a buyer looking to occupy one unit could easily utilize the revenues from the remaining two units.

A $2,500 lender credit is available and will be applied towards the buyer's closing costs and prepaids if the
buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller
concessions.

Last Agent to Sell the Property

Seth Stisher

Carolina One Real Estate License #86396 Listed on: 10/16/2024

Carolina One Real Estate

Last Buyer's Agent

Sara Bodell

Coldwell Banker Comm/Atlantic Int'l License #96214

Coldwell Banker Comm/Atlantic Int'l

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Triplex
  • Slab Foundation
  • Architectural Shingle Roof
  • Masonite

Interior Spaces

  • 9 Bedrooms
  • 4,197 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Schools

  • James Simons Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 3 Units
  • Garden Hill Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas cooking, heat

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2017
  • Lot Size Acres: 0.11
  • Subdivision Name: Garden Hill
  • Directions: From I-26 East Towards Downtown Charleston, Take Exit 219a Onto Rutledge Ave Then Turn Left Onto Montford Ave. Home Will Be On Right.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Triplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Range, Microwave
  • Total Bedrooms: 9
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Architectural
  • Construction Type: Masonite
  • Foundation Details: Slab
  • Property Condition: Pre-Owned

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

  • Elementary School: James Simons
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas Cooking, Heat

Tax Info

  • Tax Map Number: 4641400020

Multi Family

  • Number Of Units Total: 3

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2024 12/24/24 Sold $1,225,000 -13.1% $292 / Sq Ft
10/16/2024 10/16/24 For Sale $1,410,000 +64.0% $336 / Sq Ft
06/14/2021 06/14/21 Sold $860,000 +6.2% $205 / Sq Ft
10/26/2018 10/26/18 Sold $810,000 -4.6% $208 / Sq Ft
09/22/2018 09/22/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $849,500 -- $218 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 24026495

CHS Regional MLS