Eastside Multi-Family and/or short term rental opportunity

Multi-Family for Sale
Catylist Listing ID: 30515215
Property Subtypes: Duplex/Fourplex, Student Housing, Other
Number of Units: 3 Units
Building Size (RSF): 2,784 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $308,333.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 5.3%
Vacation Rental Income: Yes
Last Updated: 10/30/2019

Overview / Comments

Comprised of three individual units, this compound consists of the main house and two detached carriage houses that can be utilized as a combination of short-term rental or rent all three units for long-term rentals, zoning is in place for both. With an adjacent parking lot that can accommodate three cars and four reserved off-street parking spots, this home is a rare find in downtown Charleston! Each home features historic fireplaces and hardwood floors. This convenient location provides the ideal setting to explore all that Charleston has to offer without needing a car! The main house was built in the 1890s in the traditional Charleston Single-style.

Directly to the rear of the main house, you'll discover 2 two-story cottages that feature an open floorplan on the first floor allowing the living room and kitchen to flow seamlessly into one another.

Located a short walk from the trendy Upper King District and a short drive to Mount Pleasant, this home is in the heart of downtown Charleston! Each unit will be sold furnished making this a turn-key opportunity!

There are short term rental options available for this property as well as student rentals.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4590902107
Zoning: DR-2F - Diverse Residential (26.4 units per acre)
Property Located Between: near Columbus on Nassau
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 1890
Roof Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,013 55,690 138,752
Median Age: 28.84 33.84 36.45
Households: 8,174 23,506 57,852
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