Renovated Triplex in Downtown Charleston

Multi-Family for Sale
Catylist Listing ID: 30778271
Number of Units: 3 Units
Building Size (RSF): 2,591 SF
Gross Building Area: See Agent
Sale Price: $929,000
Unit Price: $309,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/27/2022

Overview / Comments

A beautifully renovated Tri-Plex is available in the sought after Westside community in Downtown Charleston. With the Joe Riley Baseball Stadium within walking distance, this neighborhood is in a prime location, particularly to commuters and foodies alike. This is the perfect opportunity to live in one unit and rent the other 2 units or take advantage of your 1031 exchange. This multi-unit property is located at 429 Race Street and is selling for $929k. Unit 1 is located downstairs with 1,025 sqft. Featuring 2 bedrooms and 2 full bathrooms that were fully renovated in October of 2020. New plumbing and electrical was added, along with a tankless water heater and new ductwork.

The master suite bathroom features tiled showers, marble vanities, and a beautiful walk-in shower with a glass door. In the kitchen, you'll find new granite countertops and stainless steel appliances. There is laminate flooring throughout and a new galvanized aluminum roof, installed in 2019.

Unit 2 is located upstairs with 925 sqft. Featuring 2 bedrooms and 1 full bathroom. This unit has laminate flooring throughout, a tankless water heater and new ductwork. There is also a new porch floor and porch roof as of 2021.

Unit 3 is a Cottage Home located in the rear of the duplex shy of 650 sqft. Featuring 2 bedrooms and 1 full bathroom that is fully renovated. New plumbing and electrical were added, along with stainless steel appliances and granite countertops. The bathroom features a tiled walk-in shower and a new hot water heater as of 2021. There is laminate flooring throughout with a new roof that was added in 2019.

All units share a common intimate backyard area with lights and a firepit.

The units are also within walking distance to Brittlebank Park, Harmon Field, and the Citadel, as well as a lot of popular local restaurants, such as Melfi's, Little Jack's Tavern, Harold's Cabin, and Leon's. A quick drive in either direction will land you in Mount Pleasant or among the locals at Folly Beach. Westside is a great location for those looking for a relaxed neighborhood that is a quick walk or drive to all Charleston has to offer.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 4600702131
Community Amenities: Play Ground
Property Located Between: Rutledge Ave to Race Street
Number of Stories: 2
Year Built: 1930
Construction/Siding: Wood Siding
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,998 60,303 143,922
Median Age: 27.83 34.59 35.99
Households: 8,772 25,493 60,487

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