Address: |
view address Charleston, SC 29403 Map Location |
Features: | Air Conditioning, Forced Air, Multi-level |
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Bedrooms: | 7 | Bathrooms: | 5 |
Square Feet: | 3,566 sq.ft. | Lot Size: | 6534.0 |
Year Built: | 1978 | Property Type: | Quadruplex |
Neighborhood: | None | County: | Charleston |
List Date: | 2024-03-12 | Listing Number: | 24006314 |
Listed By: | St. Germain Properties LLC |
Exceptional investment opportunity in the heart of Charleston's most sought-after student neighborhood, Radcliffeborough. Nestled in a prime location near College of Charleston, where student housing is in high demand, this property blends timeless charm with modern appeal. The building showcases original heart pine floors throughout, exuding old-world elegance, while offering modern conveniences such as in-unit laundry in most apartments.The quadplex comprises four well-appointed units: Unit A, a ground floor 2-bedroom, 2-bathroom apartment with laundry; Unit B, a 2-bedroom, 1-bathroom unit with laundry; Unit C, a 1-bedroom, 1-bathroom apartment with laundry; and Unit D, a two-story 2-bedroom, 1-bathroom apartment. All units have an excellent rental history, with current leasesextending through 2025 (Unit A until June 30, Units B, C, & D until July 31). Each lease includes a 90-day Termination Addendum in the event of a sale, offering flexibility for new owners. There is a large potential to maximize monthly rentals to well over $10,000/month. One of the property's standout features is its ample off-street parking, a true rarity in downtown Charleston, with space for 6-8 cars. Tenants also enjoy a quaint common-area patio on the ground floor, adding to the property's appeal. The Seller has had no problems with flooding in 25-plus years of ownership. The home is in flood zone AE-11current insurance policy is with Progressive Insurance. The flood premium is $1,566/year; homeowner's premium $3,557/year. The quadplex's prime location ensures easy walkability to key areas including MUSC, Roper Hospital, Ashley Hall, historic downtown shopping districts, renowned restaurants, and hotels. From an investment perspective, this property shines with its high-demand location ensuring consistent occupancy. The current rental income provides a solid foundation, with ample room for growth and the opportunity to update and increase the property's value over time.
Appliances: | Refrigerator, Dishwasher, Washer, Dryer |
Interior Features: | Ceiling Fan(s) |
Basement features: | Crawl Space |
Cooling features: | Central Air, Window Unit(s), Ceiling Fan(s) | Heating features: | Heat Pump, Forced Air |
Heating: | Yes |
Construction Materials: | Wood Siding | Roof: | Metal |
Sewer: | Public Sewer |
Elementary School: | Memminger | Middle or Junior School: | Simmons Pinckney |
High School: | Burke |
Year Built: | 1978 | Stories: | 4 |
Lot Dimensions: | 6534.0 |
Building Area total: | 3566.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.