Charleston, SC 29401
- 10Beds
- N/AFull Baths
- N/AHalf Baths
- 4,500SqFt
- 1855Year Built
- 0.50Acres
- MLS# 22005657
- Multi Family
- Sold
- Approx Time on Market4 months, 24 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionHarleston Village
Overview
Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BALeased: STR ~$5,500*Unit 2: 3 BR/ 2 BALeased Executive ~$4,600*Unit 3: 1 BR/ 1 BALeased Long Term $2,500Ends 3/31/23Unit 4: 3 BR/ 1 BALeased Long Term $2,600Ends 7/29/22Unit 5: 2 BR/ 1 BALeased Long Term $4,500Ends 12/18/22*Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month. 2021:Gross income = $172,306Expenses = $57,345NOI = $114,961Projected 2022 Gross Income: $230,000
Sale Info
Listing Date: 03-07-2022
Sold Date: 08-01-2022
Aprox Days on Market: 
4 month(s), 24 day(s)
Listing Sold: 
1 Year(s), 9 month(s), 21 day(s) ago
Original Asking Price: $2,500,000
Asking Price: $2,250,000
Selling Price: $2,185,000
Price Difference From Original:
Reduced By $315,000
Price Difference From Asking:
Reduced By $65,000
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: 1855
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: 0.50
Lot Size Units: Acres
Acres: 0.50
Lot Sqft: 21780
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 3
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Slate
Building Area Units: Square Feet
Special: Flood Insurance
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: More than 4, Quadruplex
Room Info
Beds: 10
Sale / Lease Info
Sold Date: 2022-08-01T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 900
Unit Sqft: 840
Unit Sqft: 1,100
Unit Sqft: 1,010
Unit Sqft: 650
Sqft: 4500
Unit Info
Unit Bedrooms: 2
Number of Units Total: 5
Unit: 1, 2, 3, 4, 5
Unit Bedrooms: 1
Unit Bedrooms: 3
Unit Bedrooms: 1
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Head South On Rutledge. Take Left On Queen St. Property Is 3rd On The Right.Courtesy of listing office Realty One Group Coastal