Fantastic investment opportunity to own a DUPLEX in downtown Charleston! Both units, A & B, are 3 bedroom, 1 full bath. Super close to MUSC, Trident Campus, I-26 for convenient commutes on/off of the Peninsula, and all of the restaurants & shopping that downtown Charleston offers! Rental rates: $1,600 for upstairs and $1,400 for the downstairs unit. At the list price of 448,000 the cap rate on this property will be 5.7. A $2,400 Lender Credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.
Listing Date: 10-21-2019
Sold Date: 10-08-2020
Aprox Days on Market: 
11 month(s), 16 day(s)
Listing Sold: 
3 Year(s), 6 month(s), 10 day(s) ago
Original Asking Price: $485,000
Asking Price: $399,900
Selling Price: $390,000
Price Difference From Original:
Reduced By $95,000
Price Difference From Asking:
Reduced By $9,900
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Fullbaths: 2
Levels: Two
Year Built: 1996
Rent Control: No
Pool Private: No
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.04
Lot Size Units: Acres
Acres: 0.04
Lot Sqft: 1742.4
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 2
Foundation: Raised
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Beds: 6
Sold Date: 2020-10-08T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 1702
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660