Charleston, SC 29403
- 6Beds
- N/AFull Baths
- N/AHalf Baths
- 2,212SqFt
- 1852Year Built
- 0.07Acres
- MLS# 1403775
- Multi Family
- Sold
- Approx Time on Market1 month, 22 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionElliotborough
Overview
Excellent opportunity to own an income producing duplex within walking distance to the upper King Street revitalization! THE NUMBERS- Hazard insurance-2723, new flood-$476 (new elevation certificate 2/14/14), taxes (6%) 3,470.89. Managed personally- If you rented each bedroom for $600 (practical), your ROI would be 9.1% including a 1K dollar maintenance budget!! At $650 a room, your ROI goes up to 10.1%!!! This large 2,212 square foot duplex offers two units, each with three spacious bedrooms with ceiling fans, one bath, and washer/dryer. This house has it ALL- fantastic location for students (CofC, MUSC, Charleston School of Law), PLENTY of off-street parking, central heat/air, updated electrical/plumbing, separate meters for all utilities, and six bedrooms! Neighboring properties are renting anywhere from $600-900/ a bedroom!! The home includes all appliances- washer/dryers, refrigerators and gas ranges. The second floor porch offers a relaxing sitting area and there is plenty of room in the backyard for grilling, entertaining or additional parking. Property is currently leased and they are set to expire 7/31/14. Don't let this opportunity to own a well priced, income producing property pass you by!
Sale Info
Listing Date: 02-12-2014
Sold Date: 04-04-2014
Aprox Days on Market: 
1 month(s), 22 day(s)
Listing Sold: 
10 Year(s), 1 month(s), 21 day(s) ago
Original Asking Price: $388,000
Asking Price: $388,000
Selling Price: $375,000
Price Difference From Original:
Reduced By $13,000
Price Difference From Asking:
Reduced By $13,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1852
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.07
Lot Size Units: Acres
Acres: 0.07
Lot Sqft: 3049.2
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Metal
Building Area Units: Square Feet
Special: Flood Insurance
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Room Info
Beds: 6
Sale / Lease Info
Sold Date: 2014-04-04T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 2212
Unit Info
Number of Units Total: 2
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: SCE & G
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Fishburne Turn Onto Rutledge Ave. Take Left Onto Line Street, Home Will Be On The Right Just Five Houses Down.Courtesy of listing office State Street Real Estate Group