Renovated 10 Unit Historic Compound

Multi-Family for Sale
Catylist Listing ID: 30667730
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 10 Units
Building Size (RSF): 9,708 SF
Gross Building Area: See Agent
Sale Price: $4,195,000
Unit Price: $419,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.02%
Last Updated: 11/19/2020

Overview / Comments

Excellent opportunity to purchase a fully renovated historic compound encompassing 10 units with 15 bedrooms over 3 buildings-a Merchant's Residence, Wharf Warehouse & Carriage House. All 10 units have their own legally entitled TMS #'s allowing each unit to be sold as individual condos. All units have undergone a comprehensive renovation to include all new HVAC, electrical, plumbing, and tankless hot water in the last 5 years. This property boasts tall ceilings, the meticulous restoration of all original masonry, heart pine floors, charming exposed fireplaces, and french doors. Each unit offers an outdoor space, a courtyard or piazza. While located close to the corner of East Bay Street these units still maintain the quiet privacy of quaint Ansonborough. Off street parking (5 spaces), 20 on street parking tags, and a centrally located fountain on the grounds offer convenience and charm! 10 units total: 5 one bedrooms units, and 5 two bedroom units as follows
Unit 1: 1157sf/2 bed/1 bath,
Unit 2: 1012sf/2 beds/1 bath,
Unit 3: 989sf/2 beds/1 bath,
Unit 4: 902sf/2 beds/2 baths,
Unit 5: 557sf/1 bed/1 bath,
Unit 6: 715sf/1 bed/1 bath,
Unit 7: 681sf/1 bed/1 bath,
Unit 8: 1167sf/2 beds/2 baths,
Unit 9: 531sf/1 bed/1 bath and
Unit 10: 665sf/1 bed/1 bath.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4580103134
Property Located Between: Anson and East Bay Street
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 3
Year Built: 1850
Year Renovated: 2016
Parking Description: 5 off street parking spaces and 20 on street parking decals
Total Parking Spaces: 25
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: 17,149 57,138 135,064
Median Age: 29.3 34.49 36.66
Households: 6,926 23,800 57,307
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