Attention All Opportunity Fund Buyers, take advantage of 2001 Hugo Ave. This Opportunity Zone property's full renovation has just been completed, and it's ready to pull the final CO. This is an existing Renovated Duplex with a total of 8 bedrooms and 4 bathrooms with 2700 Sq Ft of living space. There is no rental history, as the property has sat vacant for many years. This property is not in a flood zone and does not require flood insurance. The current Section 8 rate for a 4-bedroom rental is $2,200 giving this property a minimum gross income of $4,400 per month. The property could also be used as a Short Term Rental.
Listing Date: 12-09-2022
Sold Date: 02-01-2023
Aprox Days on Market: 
1 month(s), 22 day(s)
Listing Sold: 
1 Year(s), 2 month(s), 28 day(s) ago
Original Asking Price: $465,000
Asking Price: $465,000
Selling Price: $460,000
Price Difference From Original:
Reduced By $5,000
Price Difference From Asking:
Reduced By $5,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Bus Line
Year Built: 2022
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.07
Lot Size Units: Acres
Acres: 0.07
Lot Sqft: 3049.2
Irrigation Water Rights: Yes
Security Features: Security System
Mobile Home Remains: Yes
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: See Remarks
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Beds: 8
Sold Date: 2023-02-01T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 1,352
Unit Sqft: 1,352
Sqft: 2704
Number of Units Total: 2
Unit: A & B
Unit Bedrooms: 4
Unit Bedrooms: 4
Water Source: Public
Utilities: Dominion Energy, N Chas Sewer Distric
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Charleston GPS, LLC