$2,899,995 | 8 beds | N/A full baths | N/A half baths | 6,025 sqft

$2,800,000
196 Rutledge Avenue
Charleston, SC 29403
  • 8Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 6,025SqFt
  • 1910Year Built
  • 0.20Acres
  • MLS# 20015529
  • Multi Family
  • Sold


Overview

A great opportunity to step into an existing business with continual cash flow that has bookings into 2021. The 196 Rutledge Avenue Inn, circa 1910, has been operating since 2011. We invite you to review for yourself over 800-5 star reviews of our rental history. The main house was renovated down to the studs in 2008. All electric, plumbing, and HVAC were updated at that time. A ''cottage'' was built at 194 Rutledge Avenue in 2008, beside the main house. There is off-street parking for 8 cars. The main house boasts high ceiling with original molding and mahogany inlaid wood floors. Units A and B have spacious open-concepts, measuring over 1350 sq. ft with two large bedrooms and two and a half bathrooms. Units C & D are 800 sq.ft each and feature 1BR/1BA. Agent is part owner.The cottage is approximately 1550 sq.ft. It is a 2 story single unit that has 2BR/2.5BA. It has a private fenced front yard that a gorgeous grand magnolia tree that provides wonderful shade for your afternoon tea or cocktails. The cottage is setback from Rutledge Avenue which provide a quiet and private setting that can be unique to an urban setting. Other features: Carrara marble countertops throughout cover custom cabinets in the kitchens and bathroom vanities. High-end stainless steel appliances featuring some built-in refrigerators, duel-fuel ranges with electric convection ovens, large under-mount sinks, and Bosch dishwashers. All units have washer and dryers.Don't miss out on an excellent opportunity to own a piece of Historic Charleston.


Sale Info

Listing Date: 06-07-2020

Sold Date: 06-11-2021

Aprox Days on Market: 
   1 Year(s), 3 day(s)

Listing Sold: 
   2 Year(s), 9 month(s), 18 day(s) ago

Original Asking Price: $3,100,000

Asking Price: $2,899,995

Selling Price: $2,800,000

Price Difference From Original: 
Reduced By $300,000

Price Difference From Asking: 
Reduced By $99,995

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:  1910

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:  0.20

Lot Size Units:  Acres

Acres:  0.20

Lot Sqft:  8712

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  2

Foundation:  Crawl Space

Exterior:  See Remarks, Wood Siding

New Construction:  No

Roof:  Architectural, Metal

Building Area Units:  Square Feet

Special:  Flood Insurance

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  Quadruplex, Single Family Detached

Room Info

Beds:  8

Sale / Lease Info

Sold Date:  2021-06-11T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Sqft:  1,550

Unit Sqft:  885

Unit Sqft:  1,350

Unit Sqft:  750

Unit Sqft:  1,275

Sqft:  6025

Unit Info

Unit Bedrooms:  2

Number of Units Total:  5

Unit Bedrooms:  1

Unit Bedrooms:  2

Unit Bedrooms:  2

Unit Bedrooms:  1

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Forced Air, Heat Pump

Water Sewer:  Public Sewer

Cooling:  Central Air

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Memminger

Middle:  Simmons Pinckney

High:  Burke

Courtesy of listing office Dana Properties, LLC 

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
Price & Status History (on natwallen.com since Sun, Jun 7th 2020)
  • Original Price: $3,100,000
  • Current Price: $2,899,995
  • Price Reduced: $200,005
Date ChangedFromTo
10/09/2021$2,800,000 $2,899,995 Increase by $99,995
03/16/2021$2,999,995 $2,899,995 Reduced by $100,000
12/19/2020$2,999,999 $2,999,995 Reduced by $4
07/20/2020$3,100,000 $2,999,999 Reduced by $100,001

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)

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