221 Calhoun, Multi-Family Investment opportunity!

Multi-Family for Sale
Catylist Listing ID: 30680198
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,698 SF
Gross Building Area: See Agent
Gross Land Area: 0.08 Acres
Sale Price: $1,100,000
Unit Price: $550,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 5.0%
Last Updated: 2/19/2021

Overview / Comments

UNIQUE LOCATION, MULTI-FAMILY BUILDING with great potential to be converted into General Commercial use for offices or retail space. The building is located between Pitt St. and Smith St. This is one of the few historical buildings on the block that is still for residential use. It is located within minutes of walking distance to the College of Charleston, MUSC, all attractions, top restaurants, and much more. 221 Calhoun St, consists of two units. Unit A, on the first floor 3bds 2bath (recently renovated) Unit B, on the second and third floor, 2bds 1bath and 2bds 1bath respectively. In addition, the property also offers four off-street parking spaces. The property is currently fully occupied generating a stable stream of income!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 457-03-02-015
Percent Occupied: 100%
Property Located Between: Pitt St and Smith St
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1820
Roof Type: Other
Construction/Siding: Wood Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 35'
Lot Depth: 99' - 106'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,418 59,968 138,534
Median Age: 27.23 34.58 36.53
Households: 8,349 25,391 58,122


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