4 Plex - 12 Beds / 12 baths long term MFH Downtown Charleston

Multi-Family for Sale
Catylist Listing ID: 30699780
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,727 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $512,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 139 Saint Philip
Sale Terms: Purchase Money Mortgage, Other
Cap Rate: 6.0%
Last Updated: 2/19/2021

Overview / Comments

Great opportunity to acquire a long term rental income property located in Radcliffeborough area of Charleston. This is a fully rented, cash flowing quadplex in the heart of Downtown Charleston! This 12 bed, 12 bath, 4 story building is separated into 4 units with 3 beds and 3 baths per unit. 139 St Philip underwent a complete renovation, down to the studs in August of 2014. These units feature modern upgrades mixed with historic charm in the exposed brick fireplaces, beamed ceilings and wood flooring. The courtyard in the back of the home offers tenants a private outdoor space to gather which is an amenity not often found downtown! This property also has a fire suppression sprinkler system for the entire building and off-street parking for 12 vehicles.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601203012
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 4
Year Built: 1978
Year Renovated: 2014
Parking Type: Surface
Parking Description: Gravel parking lot. 1 space per bedroom
Total Parking Spaces: 12
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,173 57,192 136,670
Median Age: 29.15 34.17 36.5
Households: 9,718 24,188 57,202


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