$1,299,000 | 6 beds | N/A full baths | N/A half baths | 4,136 sqft

$1,299,000
169 Rutledge Avenue
Charleston, SC 29403
  • 6Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 4,136SqFt
  • 1890Year Built
  • 0.23Acres
  • MLS# 19021945
  • Multi Family
  • Sold

  • Approx Time on Market6 months, 29 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionDowntown

Overview

Pristine Multi-Unit Downtown Property - Please bring offers!!!Welcome to 169 Rutledge Avenue where Historic Charleston meets tasteful modern & exquisite renovation. This exceptional property has a long & consistent rental history and is walking distance proximity to MUSC and the ever growing hospital district. This prime location to this vibrant area of the peninsula has driven this year over year rental history where very typically one renter hands off to the next group waiting to enjoy the same conveniences & location. The entire property has been returned to its original elegance from top to bottom and now includes 3 separate residences with their own private entrances and 3 separate utility meters.This property has had NO water/flooding issues at any point during ownership and sits high & dry located directly across the street from Ashley Hall School. Additionally, the current DR-1 Zoning allows for Low Impact Uses which could be ideal for a professional business such as a small doctor's or dentist's office among other possibilities. 169 Rutledge is currently used exclusively as a full time rental generating 3 separate income streams however one can easily elect to personally occupy any of the 3 individual residences and rent out the other two creating a personal full time residence with low maintenance and with a massive income stream attached. Purchasing this property now will guarantee a fixed income stream thru July of 2020 and then allows for the new owner plenty of time to devise their own management and or personal usage plan.The entire property is a showplace of historic architectural beauty and design from top to bottom. The ''Main House'' has 4 bedrooms and 3 1/2 baths exuding Charleston Charm with its high ceilings, original antique heart pine floors with oak inlay borders, crown moldings, multiple fireplaces, large windows and double piazza. As you enter the foyer, the elegant front parlor with bay windows is to your left.Ahead is the grand ballroom which can be separated into a living room and dining room by simply closing the fully functional original wooden and glass sliding doors, or leave them open for a natural flow through the house, back to the gourmet kitchen. The renovations in this area include custom cabinetry with lighted wine rack, exposed brick and stucco walls, granite countertops, an oversized iron sink, and a huge window allowing tons of natural light. The living areas have traditional double doors leading to the 1st floor piazza overlooking the beautiful courtyard. There is also a bedroom/office, full bathroom and an additional laundry area with second refrigerator just off the kitchen. Upstairs in the main house is the gorgeous master suite with bath and 2 additional bedrooms and hall bathroom.A separate 1 bedroom apartment has been created upstairs with its own private ground floor entrance. This apartment has hardwood floors, custom cabinets, granite counter tops, its own washer & dryer and 2nd floor piazza access overlooking the beautiful courtyard.Finally the all brick carriage house is located by walking through the side court yard and entering through the private antique wrought iron and stucco gates where you are greeted by the whimsical Greek god Pan holding up the entrance columns. The carriage house is a jewel box of beautiful and historical architectural detail.Another great feature to this property is the 6 off street parking spaces. That parking surplus is a great luxury since everything in the historic preservation district and fine restaurant/dining areas are also a pleasant stroll away.The pristine condition of this entire property is unmatched! Low maintenance, fixed income streams in place, outstanding location. Come take a look at 169 Rutledge today!


Sale Info

Listing Date: 07-29-2019

Sold Date: 02-28-2020

Aprox Days on Market: 
    6 month(s), 29 day(s)

Listing Sold: 
   4 Year(s), 1 month(s), 1 day(s) ago

Original Asking Price: $1,695,000

Asking Price: $1,299,000

Selling Price: $1,299,000

Price Difference From Original: 
Reduced By $396,000

Price Difference From Asking: 
Same as Asking Price

Agriculture / Farm

Grazing Permits Forest Service:  Yes

Grazing Permits Private:  Yes

Grazing Permits Blm:  Yes

Horse:  No

Farm Credit Service Incl:  Yes

Association Fees / Info

Bathroom Info

Building Info

Year Built:  1890

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

Fireplace:  No

Lot Info

Lot Size:  0.23

Lot Size Units:  Acres

Acres:  0.23

Lot Sqft:  10018.8

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  2

Foundation:  Crawl Space, Slab

Exterior:  Wood Siding

New Construction:  No

Building Area Units:  Square Feet

Special:  Flood Insurance

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  Triplex

Room Info

Beds:  6

Sale / Lease Info

Sold Date:  2020-02-28T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Sqft:  774

Unit Sqft:  448

Unit Sqft:  2,914

Sqft:  4136

Unit Info

Number of Units Total:  3

Unit Bedrooms:  1

Unit Bedrooms:  1

Unit Bedrooms:  4

Utilities / Hvac

Water Source:  Public

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Public Sewer

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Memminger

Middle:  Courtenay

High:  Burke

Directions

South On Rutledge Ave Just Past Radcliffe On The Right.

Courtesy of listing office Avocet Properties 

Mortgage Calculator

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Price & Status History (on natwallen.com since Mon, Jul 29th 2019)
  • Original Price: $1,695,000
  • Current Price: $1,299,000
  • Price Reduced: $396,000
Date ChangedFromTo
01/14/2020$1,445,000 $1,299,000 Reduced by $146,000
12/27/2019$1,475,000 $1,445,000 Reduced by $30,000
12/17/2019$1,495,000 $1,475,000 Reduced by $20,000
12/02/2019$1,545,000 $1,495,000 Reduced by $50,000
11/16/2019$1,575,000 $1,545,000 Reduced by $30,000
10/22/2019$1,595,000 $1,575,000 Reduced by $20,000
09/17/2019$1,645,000 $1,595,000 Reduced by $50,000
08/15/2019$1,695,000 $1,645,000 Reduced by $50,000

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than EXP Realty LLC are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 03-28-2024 11:53 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 03-28-2024 11:53 PM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


This real estate website and IDX data is hosted by Dynamic IDX, LLC (843.637.2411)

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Are schools important to you?
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Don’t worry... this is not set in stone :)
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Hey there, thanks for reaching out!
Are schools important to you?
When do you need us?
Your general price point?
Don’t worry... this is not set in stone :)
Want to add a note?
EXPLORE CHARLESTON ON YOUR OWN
Call: 843.708.4488