NOT LISTED FOR SALE
-- Bed
-- Bath
2,700 Sq Ft
5,227 Sq Ft Lot

Last Sold February 29, 2016

Last sale price $775,000 $287 Per Sq Ft

117 Days on Market

About This Home

As of February 2016

The building consists of a street front commercial space on the ground floor and 5 efficiency apartment. 2 on the 1st floor and 3 on the second floor.(4 one bedrooms and 1 two bedroom) The property has a large back yard space that has the potential for additional development.This property is located in the heart of the Cannonborough-Elliotborough neighborhood. This is a thriving area for new business. Several new businesses have moved on to the street. Spring Street is nearing completion of the streetscape and conversion to two-way traffic is planned for early 2016. The property is just 1 1/2 blocks from King Street and the new Mid-Town development consisting of 2 Hyatt Hotels, retail and office. This is one of Charleston's busiest streets and a rapidly growing commercial corridor.

Last Agent to Sell the Property

Daniel Atwill

Roadstead Real Estate Advisors, LLC License #1898 Listed on: 09/17/2015

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 5,227 Sq Ft Lot

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Schools

  • James Simons Elementary School
  • Courtenay Middle School
  • Burke High School

Utilities

  • No Cooling
  • No Heating

Community Details

Overview

  • 6 Units
  • Elliotborough Subdivision

Building Details

  • Operating Expense $15,655
  • Gross Income $59,400
  • Net Operating Income $43,735

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Lot Size Acres: 0.12
  • Subdivision Name: Elliotborough
  • Directions: From King St. Turn West On To Spring St. And Cross Over St. Philip St. The Property Will Be On Your Right.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: More than 4
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Schools

  • Elementary School: James Simons
  • High School: Burke
  • Middle Or Junior School: Courtenay

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 59400
  • Property Net Operating Income: 43734.92
  • Annual Operating Expense: 15655.08
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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 List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $775,000 -16.2% $287 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
09/17/2015 09/17/15 For Sale $925,000 -- $343 / Sq Ft
Source: CHS Regional MLS

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 15024553

CHS Regional MLS
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