$2,250,000 | 10 beds | N/A full baths | N/A half baths | 4,500 sqft

$2,185,000
179 Queen Street UNIT 1, 2, 3, 4, 5
Charleston, SC 29401
  • 10Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 4,500SqFt
  • 1855Year Built
  • 0.50Acres
  • MLS# 22005657
  • Multi Family
  • Sold

  • Approx Time on Market4 months, 24 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionHarleston Village

Overview

Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BALeased: STR ~$5,500*Unit 2: 3 BR/ 2 BALeased Executive ~$4,600*Unit 3: 1 BR/ 1 BALeased Long Term $2,500Ends 3/31/23Unit 4: 3 BR/ 1 BALeased Long Term $2,600Ends 7/29/22Unit 5: 2 BR/ 1 BALeased Long Term $4,500Ends 12/18/22*Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month. 2021:Gross income = $172,306Expenses = $57,345NOI = $114,961Projected 2022 Gross Income: $230,000


Sale Info

Listing Date: 03-07-2022

Sold Date: 08-01-2022

Aprox Days on Market: 
    4 month(s), 24 day(s)

Listing Sold: 
   1 Year(s), 7 month(s), 27 day(s) ago

Original Asking Price: $2,500,000

Asking Price: $2,250,000

Selling Price: $2,185,000

Price Difference From Original: 
Reduced By $315,000

Price Difference From Asking: 
Reduced By $65,000

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:  1855

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:  0.50

Lot Size Units:  Acres

Acres:  0.50

Lot Sqft:  21780

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  3

Foundation:  Crawl Space

Exterior:  Wood Siding

New Construction:  No

Roof:  Slate

Building Area Units:  Square Feet

Special:  Flood Insurance

Entry Location:  Ground Level

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  More than 4, Quadruplex

Room Info

Beds:  10

Sale / Lease Info

Sold Date:  2022-08-01T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Sqft:  900

Unit Sqft:  840

Unit Sqft:  1,100

Unit Sqft:  1,010

Unit Sqft:  650

Sqft:  4500

Unit Info

Unit Bedrooms:  2

Number of Units Total:  5

Unit:  1, 2, 3, 4, 5

Unit Bedrooms:  1

Unit Bedrooms:  3

Unit Bedrooms:  1

Unit Bedrooms:  3

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Public Sewer

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Memminger

Middle:  Courtenay

High:  Burke

Directions

Head South On Rutledge. Take Left On Queen St. Property Is 3rd On The Right.

Courtesy of listing office Realty One Group Coastal 

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
Price & Status History (on natwallen.com since Mon, Mar 7th 2022)
  • Original Price: $2,500,000
  • Current Price: $2,250,000
  • Price Reduced: $250,000
Date ChangedFromTo
08/02/2022$2,185,000 $2,250,000 Increase by $65,000
08/02/2022$2,250,000 $2,185,000 Reduced by $65,000
04/06/2022$2,500,000 $2,250,000 Reduced by $250,000

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 03-27-2024 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 03-27-2024 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)

More details on this property please!
Contact Information
Great! What type of showing?
If virtual, what works best?
Do you already have an agent?
Are you pre-approved?
What day are you thinking?
Want to add a note?

Nat Wallen’s Charleston videos attract more customers.


Sell your home with the market leader.

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
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: 843-990-1313
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