Viewing Listing MLS# 24026495
Charleston, SC 29403
- 9Beds
- N/AFull Baths
- N/AHalf Baths
- 4,197SqFt
- 2017Year Built
- 0.11Acres
- MLS# 24026495
- Multi Family
- Active
- Approx Time on Market15 days
- AreaHistoric Charleston - Upper Peninsula
- CountyCharleston
- Subdivision Garden Hill
Overview
Don't miss this rare investment opportunity: a 3-unit property built in 2017, situated in the heart of Downtown Charleston. This modern multi-family home offers a total of 9 bedrooms, 6 full baths, and 3 half baths across 4,197 square feet. Each unit boasts approximately 1,300 square feet of living space, featuring 3 bedrooms and 2.5 baths.Inside, you'll find high-end finishes throughout, including an open floor plan with high ceilings, stainless steel appliances, and large windows that fill the space with natural light. Units on the second and third floors feature spacious balconies--perfect for enjoying the Charleston weather.This area offers easy access to all that Wagener Terrace has to offer, a walk or short drive to Historic Downtown Charleston, but it is also adjacent to the NoMo area where there is a growing opportunity to experience this budding area which is becoming a tech hub with many restaurants and breweries providing a fresh social scene, and it's only a 10-15 minute drive to Charleston International Airport. Lastly, from an investment standpoint, this property is within walking distance to the site of the Magnolia Development which is a 20 acre site that is slated to include office and retail within its plans. The property comes with five off-street parking spaces, a highly sought-after amenity in this area. The 3 leases are staggered with lease renewals coming up March 1, 2025, May 1, 2025, and August 1, 2025. The property generates a total of $102,000 in gross revenue between the three units which makes it a great investment opportunity with all three units on long term leases. Conversely, a buyer looking to occupy one unit could easily utilize the revenues from the remaining two units.A $2,500 lender credit is available and will be applied towards the buyer's closing costs and prepaids if thebuyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated sellerconcessions.
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 2017
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.11
Lot Size Units: Acres
Acres: 0.11
Lot Sqft: 4791.6
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
Stories: 3
Foundation: Slab
Exterior: Masonite
New Construction: No
Roof: Architectural
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Triplex
Room Info
Beds: 9
Sale / Lease Info
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Unit Sqft: 1,399
Unit Sqft: 1,399
Unit Sqft: 1,399
Sqft: 4197
Unit Info
Number of Units Total: 3
Unit: A, B, C
Unit Bedrooms: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Natural Gas
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From I-26 East Towards Downtown Charleston, Take Exit 219a Onto Rutledge Ave Then Turn Left Onto Montford Ave. Home Will Be On Right.Courtesy of listing office Carolina One Real Estate - 843-779-8660
Featured Lender
Ronda Hammang
AnnieMac Home Mortgage 843-460-3303
rhammang@annie-mac.com
https://rondahammang.annie-mac.com
AnnieMac Correspondent, AnnieMac Wholesale, The Mortgage Company and LoFiDirect are Divisions of AnnieMac Home Mortgage which is a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC . NMLS # 338923. AnnieMac Home Mortgage is an Equal Opportunity Employer with headquarters located at 700 East Gate Drive, Suite 400, Mt. Laurel, New Jersey, 08054. Please visit our website at https://rondahammang.annie- mac.com/pages/licensing for our complete list of state licenses. This communication is not intended to imply that any of our loan products will be offered by or in conjunction with HUD, FHA, VA the U.S. government or any federal, state or local governmental body. This email contains business-to-business information which is solely intended for real estate and mortgage professionals and is not intended for consumer use or distribution. Programs, rates, terms and conditions are subject to change without notice. You are receiving this email from your current connection with AnnieMac Home Mortgage.
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