Featured Listing

Property Type: MultiFamily Square Footage: 8,200 Lot Size (sq. ft.): 13,939 Status: Closed
Current Price: $2,950,000 List Date: 4/02/2024 Last Modified: 6/05/2024

Overview

Description

12 UNIT INVESTMENT PROPERTY - Downtown near Cigar Factory * All Units 2 bed / 1 Bath * Potential Condo Conversion * High Growth Area * Excellent Rental history w/ability to raise rents in 2024 * Fenced & Gated * 18 Parking Spaces * Very Good Condition * 2 Units Updated in 2023

Listing Details MLS# 24008182

Location, Tax & Legal

Tax Map #
4590604036
Street #
78 & 80
Street Name
Drake
Street Suffix
Street
County
Charleston
State
SC
Zip Code
29403
Area
51 - Peninsula Charleston Inside of Crosstown
Tax District
71 - City of Charleston
Subdivision
None
Elementary School
Sanders Clyde
Middle School
Simmons Pinckney
High School
Burke
Legal Description
78 & 80 Drake St. Charleston

Contract Info

MLS List Date
2024-04-01
Primary Structure List Price/SqFt
365.85

General Property Info

Number of Units
12
# Stories
2
Ground Level
No
Primary Structure Apx SqFt
8200
Year Built
1988
Acreage
0.32
Lease Purchase
No
Potential Short Sale
No
Other Structures Y/N
No

Status Change Info

Sold Date
2024-06-04
Sold Price/SqFt
359.76
New Mortgage Type
Unknown

Unit 1

SqFt
4100

Unit 2

SqFt
4100

More Information

Income, Expenses & Fees

Gross Income
20825
Auction
No

SqFt Source

Previous Listing
Yes
Tax Records
Yes

Exterior

Block/Masonry
Yes

Foundation

Slab
Yes

Garage/Parking

Other (Use Remarks)
Yes

Driveway

Gravel
Yes

Architectural Style

More than 4
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Equipment/Appliances

Ceiling Fan
Yes
Dishwasher
Yes
Disposal
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Stacked Washer/Dryer
Yes

Cooling

Central Air
Yes

Heat

Forced Air
Yes

Amenities

Security
Yes
Trash
Yes

Sale Includes

Building and Land
Yes

Proposed Financing

Any
Yes

Tenant Pays

All Utilities
Yes

Possession

At Closing
Yes

Special

Flood Insurance
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Utility Suppliers

Charleston Water Service
Yes

Property Features

SqFt Source: Previous Listing; Tax Records Exterior: Block/Masonry Foundation: Slab Driveway: Gravel Architectural Style: More than 4 Cooling: Central Air Heat: Forced Air Amenities: Security; Trash Sale Includes: Building and Land Tenant Pays: All Utilities Proposed Financing: Any Possession: At Closing Special: Flood Insurance Utility Suppliers: Charleston Water Service
IDX
Listing Office: The Peninsula Company, LLC
Last Updated: June - 05 - 2024
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.