Charleston, SC 29403
- 6Beds
- 2Full Baths
- N/AHalf Baths
- 2,212SqFt
- 1852Year Built
- 0.07Acres
- MLS# 1403788
- Residential
- Single Family Detached
- 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! 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 relaxed sitting area and there is plenty of room in the backyard for grilling, entertaining or additional parking. Now to what matters--THE NUMBERS- Hazard insurance-2723, new flood insurance $476/year (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%!!! 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: $375,000
Asking Price: $388,000
Selling Price: $375,000
Price Difference From Original:
Same as Original Price
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
Fullbaths: 2
Building Info
Levels: Two
Year Built: 1852
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Fencing: Privacy
Misc Ext: Deck
Pool Private: No
Garage / Parking
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.07
Lot Desc: Level
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: A
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
Room Info
Beds: 6
Primary Bedroom Features: Ceiling Fan(s)
Sale / Lease Info
Sold Date: 2014-04-04T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Special Features
Sqft Info
Sqft: 2212
Unit Info
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, 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