Catylist Listing ID: 30802952
Number of Units: 4 Units
Building Size (RSF): 4,250 SF
Gross Building Area: See Agent
Sale Price: $795,000 - 880,000
Unit Price: $198,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 6/23/2022

Overview / Comments

INVESTOR SPECIAL! INDIVIDUALLY SOLD FOR 815K, BUY ALL TOGETHER FOR 775K! All units Zoned B1 Commercial and could be used as offices with light modifications.

2121 Cosgrove
4 Bedrooms
2 bathrooms
1300 sq ft
Selling AS - IS, will need repairs
Asking Price - 200k
Market rent, when renovated, is about $1700/mo!

2123 Cosgrove
3 Bedrooms
1.5 bathrooms
905 sq ft
Fully Renovated!
New floors, mechanicals updated, new kitchen, tile
bathrooms.
Market rent is about $1600/mo!
Same TMS# as 2123 1/2 - Must be sold together
Asking Price - 350k for both 2123 AND 2123 1/2

2123 1/2 Cosgrove
2 Bedrooms
1 bathrooms
700 sq ft
New roof, siding, kitchen, bathrooms, and HVAC.
Market rent is about $1300/mo!
Asking Price - 350k for both 2123 AND 2123 1/2
4 Bedrooms
2 bathrooms

2125 Cosgrove
1343 sq ft
Fully Renovated
Has a buildable 18x32 concrete slab on the property.
Asking Price -265k
Currently rented for $1700/mo!

Zoning:
(a)Permitted uses: The following uses shall be permitted in the B-1 zoning district:1.All uses permitted in the neighborhood office (ON) and the single-family residential zoning district (R-1).2.Establishments providing certain convenience items and services to the public such as:a.Barber shops, beauty shops, nail shops and tanning salons;b.Flower shops, card shops, gift shops, video stores, tobacco shops, bait/tackle shops, news-stands and magazine stands;c.Laundromats and dry cleaning pickup stations;d.Telephone stores, cable TV service stores, internet cafes;e.Grocery stores, convenience stores, pharmacies, health food stores, confectioneries, bakeries, pretzel or cookie shops, where products are sold predominantly at retail;f.Clothing/shoe stores.3.Establishments of a business character providing services of a specialized nature to individuals or other businesses, such as:a.Copying/printing services;b.Post offices, mailing/delivery services;c.Film development establishments;d.Bicycle repair;e.Watch, clock and jewelry repair services.4.Social, cultural and health facilities, including:a.Public and private kindergarten, elementary or secondary schools;b.Adult and child daycare;c.Specialized training schools such as martial arts, yoga, and dance studios;d.Libraries and museums;e.Health clubs and fitness centers;f.Cemeteries;g.Places of worship;h.Public recreational facilities;i.Hospitals and medical clinics;j.Professional, civic, and cultural associations/organizations;k.Nursing homes and assisted-living facilities;l.Veterinary services and pet grooming businesses;m.Artist and photographic studios and art galleries.5.Business and professional offices, such as:a.Legal services such as lawyer's offices, paralegal services and stenographers;b.Government offices;c.Engineering, architecture, planning, and surveying services;d.Financial services such as banks, credit unions, savings and loan companies, mortgage companies, investment counseling, accountants, and appraisers;e.Marketing services such as advertising companies, opinion poll companies, telemarketing companies;f.Insurance companies;g.Real estate offices such as realtors, property managers, and leasing offices.(b)Conditional uses: The following uses shall be permitted on a conditional basis in any B-1 zoning district, subject to the stated conditions:1.Administrative offices of construction firms provided that no trucks, heavy commercial vehicles, equipment, or materials are stored on-site.2.All conditional uses permitted in the R-1 zoning district subject to the conditions stated therein.3.Eating establishments, provided there are no drive-through windows.4.Full-service restaurants provided that:a.The establishments do not operate during hours when meals are not being served,b.The establishments do not offer catered events;c.No "cover" or similar admission charge is collected for entrance;d.Music, whether live or recorded, or indoor or outdoor, is not in violation of the city noise ordinance at section 13-126:e.If located within five hundred (500) feet of a residentially used or zoned parcel, the establishments close by 10:00 p.m.; andf.There are no drive-through windows.5.Up to four (4) multi-family dwelling units provided that: (a) the units are located over commercial uses and (b) parcel is not located within the Dorchester Road Corridor I, Dorchester Road Corridor II, the University Boulevard, or the Ladson Road overlay districts.6.Retail establishments for the sale of furniture, home furnishings, bicycles, or antiques, provided that (a) the establishment does not exceed three thousand (3,000) square feet in size and (b) no more than twenty-five (25) per cent of the total floor area is used for storage/stock rooms.7.Recording studios, provided the building is sound proofed and no noise emanates into adjoining units or properties.8.Parking lots as a principal use provided that no parking spaces designed or designated for semi-tractor-trailers are included.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4691100144
Total Number of Buildings: 4
Property Condition: Good
Year Built: 1940
Year Renovated: 2022
Roof Type: Arched
Parking Type: Surface
Parking Description: driveways
Total Parking Spaces: 10
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,779 41,960 138,255
Median Age: 33.38 35.65 34.22
Households: 4,406 16,268 56,222

Contact

Photograph of Listing Agent

Dan J Rivers

Maven Realty SCCMLS Member
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