Charleston, SC 29403
- 5Beds
- N/AFull Baths
- N/AHalf Baths
- 2,784SqFt
- 1890Year Built
- 0.10Acres
- MLS# 21006520
- Multi Family
- Sold
- Approx Time on Market4 months, 15 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionEastside
Overview
70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors. Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem.70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors. Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem. Several items have been upgraded in the last twelve months, this includes a new metal roof and exterior paint and for all three units, a new HVAC unit for unit A, New water heater for unit B, new dishwasher for unit A,, and new exterior paint in unit B.Unit A had a new HVAC system installed in the last 12 months. Unit A- 1540 sq ft, 3 bd/2bth, monthly rent $3,400 (to be increased to $3,600/month n August 1st, 2021)Unit B- 600 sq ft, 1bd /1bth, monthly rent $1,600 (To be signed on or before closing).Unit C- 644 sq ft, 1bd/1bth, monthly rent $1,350 (to be increased to $1,600/month n August 1st, 2021). Utilities are metered separately and paid by tenants. Insurance is $7,700 / year. 2020 property taxes- $6,554.58.
Sale Info
Listing Date: 03-12-2021
Sold Date: 07-28-2021
Aprox Days on Market:
4 month(s), 15 day(s)
Listing Sold:
2 Year(s), 9 month(s), 12 day(s) ago
Original Asking Price: $995,000
Asking Price: $995,000
Selling Price: $975,000
Price Difference From Original:
Reduced By $20,000
Price Difference From Asking:
Reduced By $20,000
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: 1890
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
Laundry Features: Dryer Connection
Lot Info
Lot Size: 0.10
Lot Size Units: Acres
Acres: 0.10
Lot Sqft: 4356
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Metal
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Single Family Detached
Room Info
Beds: 5
Sale / Lease Info
Sold Date: 2021-07-28T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 644
Unit Sqft: 600
Unit Sqft: 1,540
Sqft: 2784
Unit Info
Number of Units Total: 3
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From The Arthur Ravenel Jr Bridge- Exit Onto Morrison Dr. , Left On Morrison Dr. Toward East Bay St. Turn Right Onto Columbus St. Turn Left Onto Nassau St. 70 Nassau St. Will Be On The Left. Three Buildings- Green Is Unit A, Blue Is Unit B, And The Yellow Is Unit C. Off Street Parking.Courtesy of listing office Dunes Properties of Chas Inc
MLS# 23027378 
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