3 Fireplaces, Fireplace In Dining Room, Fireplace In Family Room, Fireplace In Living Room.
Off Street Parking.
** RENOVATIONS ARE NEARLY COMPLETED** Seller has nearly finished a $60,000 renovation of the property that includes: 4 new hvac units, all 4 units painted, rotten windows replaced, 4 new kitchens with new appliances, refinished hardwoods and updated bathrooms ** PRIME REAL ESTATE IN DOWNTOWN CHARLESTON ** FANTASTIC 4-UNIT HOME IN THE HEART OF DOWNTOWN CHARLESTON WITH $66,000 ANNUAL RENTAL INCOME - POTENTIAL FOR MUCH MORE RENTAL INCOME! NOT A FORECLOSURE OR A SHORT SALE (SHORT-SALE). DEAL WITH A MOTIVATED SELLER AND RECEIVE AN IMMEDIATE RESPONSE TO AN OFFER - NO WAITING! This property is waiting for the local Investor or savvy parent of a CofC student to come in and either immediately capture the $66,000 in annual rental income or make improvements to the property and increase their earnings potential to closer to $90,000 a year! Each unit has gorgeous heart pine wide-plank flooring, tons of natural light from large windows, full appliances, ornate original fireplaces and loads of charm! You'll love the double front porches, landscaped courtyard and the metal roof, which adds to the Southern Charm of this excellent opportunity. This property is located just 2 blocks away from the College of Charleston Campus and is in the most desirable area for College Students. MUSC is a short walk away (4 blocks) and the students at Charleston Law will enjoy the convenience this property has to offer as well. *** INVESTORS: Taxes: $9,678; Flood Insurance: $1,548; Home and Hazard Insurance: $8,502. NET INCOME PROJECTION OF $46,272 WITH THE POTENTIAL FOR MORE! - Unit A - 2BR 1BA Rented for $1,600; Unit B - 2BR 1BA Rented for $1,200; Unit C - 2BR 1BA Rented for $1,600; Unit D Rented for $1,100 1BR 1BA.
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