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.
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
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1910
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: 0.20
Lot Size Units: Acres
Acres: 0.20
Lot Sqft: 8712
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
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
Beds: 8
Sold Date: 2021-06-11T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 1,550
Unit Sqft: 885
Unit Sqft: 1,350
Unit Sqft: 750
Unit Sqft: 1,275
Sqft: 6025
Unit Bedrooms: 2
Number of Units Total: 5
Unit Bedrooms: 1
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 1
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: No
Courtesy of listing office Dana Properties, LLC