Featured Listing

Property Type: MultiFamily Square Footage: 12,825 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $3,900,000 List Date: 3/04/2020 Last Modified: 12/08/2021

Overview

Description

Almost 13,000 SF of desirable, high end rentals, this incredible investment includes 4 buildings, 7 units, 28 bedrooms sprawling over an entire city block. Two modern new builds, w/ 4 units, all 4 br's & 4.5 baths, 1750 sf each. These units are graciously configured to spread out over 3 private floors, w/ highly desirable private roof top decks, luxury kitchens, shiplap ceilings, coastal chic design & views galore. Flanking either end of these new construction buildings, are 2 historic Charleston homes, one fronting Ashley Avenue (2 units) & another fronting Orrs Court (1 unit). Both historic buildings were just renovated in January 2018. All structures raised out of Flood Zone and built to the highest standards. Entire property is fully leased through July 31, 2021

Listing Details MLS# 20006265

Location, Tax & Legal

Tax Map #: 4600702049
Street #: 321
Street Name: Ashley
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 52 - Peninsula Charleston Outside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: City of Charleston
Elementary School: Mitchell
Middle School: Camp Road
High School: Burke
Directions: From I-26 E, follow signs for US-17 S/Savannah, Continue onto Septima Clark Pkwy, Turn right onto Ashley Ave
Legal Description: 321 Ashley Ave & 10 0rrs Court 7 apartments with 28 bedrooms and 28 bathrooms.

Contract Info

MLS List Date: 2020-03-04
Primary Structure List Price/SqFt: 292.4

General Property Info

Number of Units: 7
# Stories: 3
Ground Level: No
Primary Structure Apx SqFt: 12825
Year Built: 2017
Acreage: 0.25
Lease Purchase: No
Potential Short Sale: No

Status Change Info

Sold Date: 2021-12-07
Sold Price/SqFt: 304.09
New Mortgage Type: Other

Unit 1

SqFt: 2050

Unit 2

SqFt: 1750

More Information

Unit 3

SqFt: 1750

Unit 4

SqFt: 1750

Unit 5

SqFt: 1750

Unit 6

SqFt: 1725

Unit 7

SqFt: 2050

Income, Expenses & Fees

Auction: No

SqFt Source

Builder/Owner: Yes

Roof

Architectural: Yes
Metal: Yes

Exterior

Wood Siding: Yes

Foundation

Piling: Yes

Driveway

Gravel: Yes

Architectural Style

Duplex: Yes
High Rise: Yes
Single Family Detached: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Ceiling Fan: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Fire Sprinkler: Yes
Microwave: Yes
Stacked Washer/Dryer: Yes
Washer: Yes

Cooling

Central Air: Yes

Heat

Electric: Yes

Sale Includes

Building and Land: Yes

Proposed Financing

Any: Yes

Tenant Pays

All Utilities: Yes

Possession

At Closing: Yes
Tenants Rights: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Property Features

SqFt Source: Builder/Owner Roof: Architectural; Metal Exterior: Wood Siding Foundation: Piling Driveway: Gravel Architectural Style: Duplex; High Rise; Single Family Detached Cooling: Central Air Heat: Electric Sale Includes: Building and Land Tenant Pays: All Utilities Proposed Financing: Any Possession: At Closing; Tenants Rights

Listing Office: Keller Williams Realty Charleston West Ashley

Last Updated: December - 08 - 2021

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