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
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
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1855
Rent Control: No
Pool Private: No
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Size: 0.50
Lot Size Units: Acres
Acres: 0.50
Lot Sqft: 21780
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
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
Beds: 10
Sold Date: 2022-08-01T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 900
Unit Sqft: 840
Unit Sqft: 1,100
Unit Sqft: 1,010
Unit Sqft: 650
Sqft: 4500
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
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Realty One Group Coastal