Bought with NONMEMBER LICENSEE
$1,170,000
$1,200,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2,392 SqFt
SOLD DATE : 09/16/2024
Key Details
Sold Price $1,170,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $489
Subdivision Eastside
MLS Listing ID 24020396
Sold Date 09/16/24
Bedrooms 6
Year Built 2017
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Newly built in 2017! This turn-key duplex is the perfect investment property. Both units have 3 bedrooms with 2.5 baths, 2 porches, tall ceilings, an open floor plan with granite counters, a large seated island, stainless appliances, and stackable standard washers and dryers which can convey. The new owner could live in the upper unit and enjoy $38K+ gross rental income from the lower unit, or enjoy $80K+ gross rental income by leasing both units and increasing rent to the current market rate. You could convert one or both into furnished monthly rentals to capitalize on greater income potential. This property is located in a fabulous spot on the peninsula within walking distance to Marion Square and two blocks from King St and some of the most sought-after restaurants, bars, shops,the upcoming Low-line, The Cigar Factory and more in Charleston. Units are separately metered, and tenants pay their utilities therefore no complicated utility use agreements. The property is in an X flood zone, flood insurance is not required for lending. There is ample space in the rear to construct an elevated carriage house which could provide a new owner with a 3rd rental apartment or provide covered parking for 3 vehicles. Buyer to confirm zoning and permitting with the city. Flat roof, cement board siding and parking for at least 3 cars. Unit B upstairs has recently been painted as well! Make your appointment soon to see this well maintained duplex!
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Heating Electric, Heat Pump
Cooling Central Air
Exterior
Community Features Bus Line
Utilities Available Charleston Water Service, Dominion Energy
Roof Type See Remarks
Building
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Sanders Clyde
Middle Schools Simmons Pinckney
High Schools Burke
Others
Financing Cash,Conventional,VA Loan
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