This income producing, multifamily property is just steps from the Historic Cigar Factory and offers endless possibilities! Situated on the East Side of Downtown Charleston, one block off of East Bay Street, and walkable to Mercantile & Mash, Bar Mash, Rappahannock Oyster Bar, Varnish Lane Nail Salon, Barrelli Barbers, Stella Nova & Top Shape Personal Training. This unique property boasts a fully renovated historic duplex, a newly constructed single family home and 5+ off street parking spots. **Currently utilized for long term rentals at $8,600/month total, with versatile options to enhance income.** The duplex, originally a Historic Charleston Single, was taken down to the studs and meticulously renovated in 2018.Builder, Zourzoukis Homes, and the owner were mindful to keep the character and charm of the home while conforming it to beautiful suites with high end finishes throughout. Unit A and B both feature original heart pine flooring, exposed brick fireplaces and outdoor piazzas for soaking up Lowcountry days & nights. Expansive 10 foot ceilings with exposed wooden beams, make these suites feel extra spacious. The kitchens are equipped with stainless steel appliances, gas range, custom cabinetry, open shelving, quartz countertops & breakfast bar with seating for 4. Each unit has two bedrooms with en suite bathrooms, making this the ideal layout for a rental. The en suite bathrooms were designed to have walk-in tile showers and vanities with shaker cabinets & quartz countertops. A stackable washer & dryer are conveniently located in both units. Built in 2020, the single family home is nestled behind the duplex for added privacy. Notice a custom entryway built-in with hooks & storage, heart pine flooring, shiplap accent walls and an open layout for both entertaining & relaxing. The downstairs level encompasses the living room, dining area and kitchen complete with stainless steel appliances, huge island & barstool seating. A powder room is conveniently located downstairs. The second level showcases dual owner suites with vaulted ceilings and luxurious en suite bathrooms. Each bathroom has walk-in tile showers with glass exclosures and vanities with quartz countertops. The washer & dryer are on this level as well. 86 Drake Street is the perfect opportunity for someone that wants a flexible investment property for years to come, with the option to reside in the single family home or one duplex unit. Continue leasing the entirety of the property with long term tenants (potential to raise rent in unit A for $500+/month), increase income by converting units to furnished monthly rentals OR maximize profits by living in the single family home and short term renting 1 unit in the duplex while long term or executive renting the other.Charleston County School District is investing $29 million on the new support building for Early College High School across the street. Enjoy close proximity to all that downtown has to offer from your doorstep! Easy access to I-26, Ravenel Bridge, Mount Pleasant & Highway 17. **X Flood Zone. No flood insurance required.**