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!
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
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1890
Rent Control: No
Pool Private: No
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.23
Lot Size Units: Acres
Acres: 0.23
Lot Sqft: 10018.8
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
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
Beds: 6
Sold Date: 2020-02-28T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 774
Unit Sqft: 448
Unit Sqft: 2,914
Sqft: 4136
Number of Units Total: 3
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 4
Water Source: Public
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Avocet Properties