487 King St - Penthouse Suite For Sale - Residental Use

Multi-Family for Sale
Also listed as Special Purpose
Catylist Listing ID: 30787982
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 1,650 SF
Gross Building Area: See Agent
Sale Price: $1,175,000
Unit Price: $391,666.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Usable Size (USF): 1,650 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/28/2022

Overview / Comments

Architectural Penthouse Residential unit with lease Income for Sale for the first time. Located in highly recognized King Street corridor. This outstanding Modern Architecture building is located in the heart of downtown Charleston. The property features three levels of amazing King Street frontage with its own private entry to the Penthouse on 2nd and 3rd floor. The Penthouse offers large windows and lots of natural light overlooking the view of famous King Street hottest location. This Penthouse apartment has a open patio overlooking the new Bennett Hotel and many other architectural and stately buildings near by. The building three story property is unique in its “ Use” and has the ability to generate income on many levels.
Located in one of the most highly desirable neighborhoods for business and pleasure. Walking distance to all Charleston has to offer. Call the listing agent today for a Tour and Income reports. Penthouse is currently leased for $4425. Per month for one year lease that will convey with purchase. Please call Listing agent for details.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601202090
Zoning: DR-2 - Diverse Residential (26.4 units per acre)
Percent Occupied: 100%
Property Located Between: King Street - between Morris and Radcliffe
Airports: CHS
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 2008
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick, Concrete, Stucco
Exterior Description: Architectural with large outdoor balcony with views of the downtown cityscapes on third floor
Parking Type: Other
Parking Description: No parking conveys with Building but parking spaces can be rented monthly in other parking lots near by.
Laundry: In Each Unit
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Classic Architectural
Zoning Description: DR2 Residentail - Opportunity Zone
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,173 57,192 137,010
Median Age: 29.15 34.17 36.54
Households: 9,718 24,188 57,250
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.