Viewing Listing MLS# 24008597
Charleston, SC 29403
- 6Beds
- N/AFull Baths
- N/AHalf Baths
- 3,281SqFt
- 1835Year Built
- 0.11Acres
- MLS# 24008597
- Multi Family
- Active
- Approx Time on Market5 months, 14 days
- AreaHistoric Charleston
- CountyCharleston
- Subdivision None
Overview
Nestled in the heart of Charleston's coveted Radcliffeborough neighborhood, this high-demand rental property offers a unique blend of history, charm, and investment potential. Just steps from MUSC and near College of Charleston, this ensemble features a historic single home and a separate carriage house, totaling four distinct units with excellent rental history. Current leases extend through 2025 (Units A, B & C through June 30, Carriage Home through July 31). Each lease includes a 90-day Termination Addendum in the event of a sale, offering flexibility for new owners. A spacious off-street parking lot accommodating up to 5 vehicles is a rare find. There is a large potential to maximize monthly rentals to well over $10,000/month.The Seller has had no problems with flooding in 25-plusyears of ownership. The home is in flood zone AE-11current insurance policy is with Progressive Insurance. The flood premium for main house is $2,358/year; flood insurance for carriage home is $1,363/year; homeowner's premium $5,699/year. The property holds the potential for condominium conversion, maximizing your return on investment. Alternatively, you could choose to live in one unit and generate rental income from the other three, offering flexibility to suit your needs.Throughout both the main house and carriage house, timeless heart pine floors exude classic Charleston charm, creating a warm and inviting atmosphere. The front building boasts a variety of living spaces, including a 2BR/1Bath unit, a 1BR/1Bath unit, and an efficient 1Bath studio. The separate carriage house offers a charming 2BR/1Bath layout, perfect for those seeking a bit more privacy.This property isn't just a purchase; it's an investment in Charleston's historic fabric and a doorway to countless possibilities. Whether you're seeking a multi-unit investment, a potential condo conversion project, or a home with built-in rental income, this versatile property delivers on all fronts.
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Community Features: Laundry
Bathroom Info
Building Info
Year Built: 1835
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: 0.11
Lot Size Units: Acres
Acres: 0.11
Lot Sqft: 4791.6
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
Stories: 3
Foundation: Crawl Space
Exterior: Brick, Wood Siding
New Construction: No
Roof: Slate
Property Subtype: Yes
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Quadruplex
Room Info
Beds: 6
Sale / Lease Info
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Unit Sqft: 250
Unit Sqft: 1,000
Unit Sqft: 1,064
Unit Sqft: 1,000
Sqft: 3281
Unit Info
Number of Units Total: 4
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 2
Unit Bedrooms: 2
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Window Unit(s)
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Calhoun, North On Ashley Avenue, Right On Doughty Street, Property Is On LeftCourtesy of listing office St. Germain Properties LLC