Fourplex for Sale Downtown in Accommodations Overlay

Multi-Family for Sale
Catylist Listing ID: 30631813
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,082 SF
Gross Building Area: See Agent
Sale Price: $1,325,000
Unit Price: $331,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 100
Last Updated: 9/30/2020

Overview / Comments

This Luxury Multi-family Fourplex has been restored and offers an lucrative income return. Total of 7 bedrooms perfect for roommates, 6.5 bathrooms total. All rental units are fully leased with off street parking for each unit. Located in the heart of Downtown Charleston in the SHORT TERM ACCOMMODATIONS OVERLAY off Spring St. Within walking distance to CofC, MUSC and all of the fun and excitement, yet on a private residential street. Original Construction was in circa 1852. Renovated in 1998. Unit D built in 2006. Each unit is separately metered with electric, gas and water. Kitchens in 3 of the 4 units were remodeled within the last 3 years w/new cabinets, granite & stainless steel. Unit D is original kitchen built in 2006. This assemblage is very unique for a Owner occupy in one unit. Call Listing agent for more details.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4600803137
Zoning: DR-2F - Diverse Residential (26.4 units per acre)
Percent Occupied: 100%
Property Located Between: Spring Street and Bogard Street
Highway Access: 26
Airports: CHS
Site Description: Assemblage
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1852
Year Renovated: 2006
Roof Type: Folded Plate
Construction/Siding: Wood Siding
Exterior Description: Well maintain
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: One parking spot per unit - total 4 units
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: All units rented
Zoning Description: DR2F
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,813 59,289 138,836
Median Age: 27.47 34.56 36.34
Households: 9,289 25,119 58,204
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