Downtown Charleston Quadplex
Multi-Family
for Sale
| Catylist Listing ID: |
30699876 |
| 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 |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
6.0% |
| Last Updated: |
2/16/2021 |
Overview / Comments
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% |
| Total Number of Buildings: |
1 |
| 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 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
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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