Bought with Old South Realty, LLC
$975,000
$995,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2,784 SqFt
SOLD DATE : 07/28/2021
Key Details
Sold Price $975,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $350
Subdivision Eastside
MLS Listing ID 21006520
Sold Date 07/28/21
Bedrooms 5
Year Built 1890
Lot Size 4,356 Sqft
Acres 0.1
Property Description
70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors. Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem.70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors.
Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem.
Several items have been upgraded in the last twelve months, this includes a new metal roof and exterior paint and for all three units, a new HVAC unit for unit A, New water heater for unit B, new dishwasher for unit A,, and new exterior paint in unit B.
Unit A had a new HVAC system installed in the last 12 months.
Unit A- 1540 sq ft, 3 bd/2bth, monthly rent $3,400 (to be increased to $3,600/month n August 1st, 2021)
Unit B- 600 sq ft, 1bd /1bth, monthly rent $1,600 (To be signed on or before closing).
Unit C- 644 sq ft, 1bd/1bth, monthly rent $1,350 (to be increased to $1,600/month n August 1st, 2021). Utilities are metered separately and paid by tenants. Insurance is $7,700 / year. 2020 property taxes- $6,554.58.
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Interior Features Ceiling Fan(s)
Heating Electric
Cooling Central Air
Laundry Dryer Connection
Exterior
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Metal
Building
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools James Simons
Middle Schools Simmons Pinckney
High Schools Burke
Others
Financing Cash
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