5 unit building in great location for CofC or MUSC. Current income increases to $84,600 by 08/01/2 . 08/2018 MAI appraisal $1.2M, Charleston County says 4,414 sqft and has property valued at $1,692,600 in 2020. A good exterior paint job + some TLC should increase the income. Four 2BR, 1 Bath units, the attic is a 1BR,1BA with window AC. Unit A -$1,520/m; B - $1,420/m; C-$1,420/m; D-$1,620/m. E-$1070. First time on the market since 1980, this would be a nice property for an investor to make some improvements and increase the rents accordingly. Showing by appointment only with 24 hours advance notice, agent must be present. No mortgage so owner carries no flood insurance. Property taxes $20,117.0, Atlantic Shield Insurance - $7,763.44. All units renew by 08/01 at total $7,050/m = $84,600.
Listing Date: 05-01-2021
Sold Date: 10-14-2021
Aprox Days on Market: 
5 month(s), 12 day(s)
Listing Sold: 
2 Year(s), 6 month(s), 15 day(s) ago
Original Asking Price: $1,050,000
Asking Price: $1,050,000
Selling Price: $850,000
Price Difference From Original:
Reduced By $200,000
Price Difference From Asking:
Reduced By $200,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1860
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Size: 0.11
Lot Size Units: Acres
Acres: 0.11
Lot Sqft: 4791.6
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Slate
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: More than 4
Beds: 9
Sold Date: 2021-10-14T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 4414
Unit Bedrooms: 1
Number of Units Total: 5
Unit: C
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: No
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Pate Properties Inc