$905,000
SOLD NOV 1, 2024
6 Beds
-- Bath
2,756 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$328 Per Sq Ft

16% Below List Price

66 Days on Market

Highlights

  • Central Air
  • Wood Siding
  • 2-minute walk to Mall Playground
  • Ceiling Fan
  • Heat Pump System

About This Home

As of November 2024

Fantastically well kept duplex in a booming part of downtown Charleston that has been undergoing a huge revitalization. This property is walking distance to Upper King Street, The Cigar Factory Building, CofC, MUSC, Charleston Law, The Ravenel Bridge, and several amazing dining/shopping options in the city. Both units are 3 beds, 2 baths, with plenty of storage and there is added storage under the house. The exterior was repainted in 2019, Upstairs HVAC replaced 06/2024, and the bathrooms were all updated in 2021. We do believe the units are under rented based on recent comps and should be closer to $3,500 per month each. Unit A is currently rented for $2,800/ month & Unit B is $2750. both units are rented through July 2025.

Last Agent to Sell the Property

Ben Archambault

Brand Name Real Estate License #87060 Listed on: 07/18/2024

Last Buyer's Agent

Hamilton Horne

The Boulevard Company License #89326

The Boulevard Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 2,614 Sq Ft Lot

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 2,756 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dishwasher
  • Washer

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 2 Units
  • Eastside Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $66,600
  • Net Operating Income $56,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1890
  • Lot Size Acres: 0.06
  • Subdivision Name: Eastside
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

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

Schools

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

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4590504085

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 66600
  • Property Net Operating Income: 56600
  • Annual Operating Expense: 10000

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
11/01/2024 11/01/24 Sold $905,000 -4.7% $328 / Sq Ft
09/16/2024 09/16/24 Price Changed $950,000 -3.6% $345 / Sq Ft
08/29/2024 08/29/24 Price Changed $985,000 -4.8% $357 / Sq Ft
08/21/2024 08/21/24 Price Changed $1,035,000 -1.4% $376 / Sq Ft
07/29/2024 07/29/24 Price Changed $1,050,000 -2.3% $381 / Sq Ft
07/18/2024 07/18/24 For Sale $1,075,000 -- $390 / 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: 24018347

CHS Regional MLS