Downtown Income Producing Duplex

Multi-Family for Sale
Catylist Listing ID: 30335604
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,066 SF
Gross Building Area: See Agent
Sale Price: $314,900
Unit Price: $157,450 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.53%
Last Updated: 11/10/2018

Overview / Comments

Investor duplex opportunity in popular downtown location, close to Wagener Terrace/Hampton Park. (2) 1BR/1BA units, with great rental history, separately metered for utilities, central HVAC, washer/dryer within each unit. Both units fetch $1,200/month each, with leases expiring 3/31/2019. Seller made improvements in 2013, including: exterior painting, new windows throughout, repaired/replaced floor joists on 1st floor (#A), new sub-floor with new flooring in kitchen, living room, & hallway of 1st floor (#A). According to surveyor, future flood maps show that property will be remapped into ''X'' flood zone (currently AE), which will reduce the annual expenses by $2,216. See attachments for further information.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 460-03-03-023
Year Built: 1950
Parking Description: On-street parking
Laundry: In Each Unit
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,657 60,303 143,922
Median Age: 28.01 34.59 35.99
Households: 8,632 25,493 60,487

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