Potential (and Former) Duplex

Multi-Family for Sale
Catylist Listing ID: 30422072
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,822 SF
Gross Land Area: 0.11 Acres
Sale Price: $1,250,000
Unit Price: $625,000 Per Unit
Property Use Type: Investment
Building Name: 28 Rutledge
Usable Size (USF): 3,822 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 10/16/2019

Overview / Comments

Gorgeous and spacious home with amazing views of Colonial Lake. This single family home was once 2 units so has 2 working kitchens, 2 washer/dryer hookups and 2 electric meters. The current owners converted the home to single family use. With City approval, this could be changed back into a Duplex with very little effort or expense. Currently zoned STR; any conversion to Duplex/MultiFamily must be approved by Board of Zoning Appeals, City of Charleston.

The original hardwood floors are in excellent condition. Full piazzas on both first and second level allow you to take full advantage of the views of Colonial Lake and the Ashley River beyond. A rear courtyard is perfect for entertaining and there are 3 OFF STREET PARKING SPACES! Downstairs you'll find a large southern parlor with fireplace that opens onto the front piazza, a spacious dining room also with a fireplace, a family room with a fireplace, kitchen, 2 bedrooms and 2 full baths. Upstairs you'll find the large master bedroom with fireplace & en suite bath which opens onto the 2nd floor wraparound piazza.

Also upstairs are a living room with fireplace, dining room with fireplace, 2nd full kitchen, a 2nd bedroom and bath with office area attached. The second floor can also be accessed by a rear staircase off of the courtyard. This home is truly unique and very Charleston. Convenient walk to MUSC, Roper Hospital, the VA Hospital, Broad Street, King Street, Mason Prep School, Charleston Day or Ashley Hall school. Also just across the lake are the City tennis courts and baseball field. Truly one of a kind.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston County
Tax ID/APN: 457-12-01-106
Zoning: OTHER
Property Located Between: Broad Street and Calhoun.
Highway Access: US Hwy 17, I-26
Airports: Charleston International
Site Description: Harleston Village, Historic District, Old City
Area Description: Across the street from Colonial Lake, with proximity to MUSC, CofC, shopping district, historic district, business district, and with ready access to main thoroughfares.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1890
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood siding, double piazzas.
Parking Type: Surface
Parking Description: Off-street.
Total Parking Spaces: 3
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Interior Description: Beautiful floors and mouldings with high ceilings on both levels; multiple wood-burning fireplaces, full kitchens on both levels, W/D hookups on both levels, 4 bedrooms and 4 baths.
Zoning Description: STR in the City of Charleston.
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: 16,554 61,957 128,338
Median Age: 28.89 34.84 36.72
Households: 6,912 26,294 54,071
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