Charleston, SC 29403,70 Nassau St
Charleston, SC 29403,70 Nassau St
Charleston, SC 29403,70 Nassau St
Charleston, SC 29403,70 Nassau St
Charleston, SC 29403,70 Nassau St
Charleston, SC 29403,70 Nassau St
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Listed by Dunes Properties of Chas Inc
Bought with Old South Realty, LLC

$975,000

$995,000

2.0%
Est.Price: ?

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Est. payment /mo

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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