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$999,500
Est. payment /mo
10,890 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,890 sqft
Price per Sqft $91
MLS Listing ID 31007030
Year Built 1980
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi Family
Property Description
Quadraplex in central James Island, fully rented at below market rents. Each unit has living space, kitchen, 1/2 bath and laundry room on first floor, 2 bedrooms and full bath upstairs and private fenced-in courtyard in rear. Plentiful parking in back allowing 2 parking spaces per unit. All units rented at $1600/month and are month-to-month but all tenants desire to stay long term. High demand area for this ideal location (minutes from downtown Charleston as well as Folly Beach) minimizes vacancy periods and reduces the costs and effort associated with tenant turnover. This property is already divided into 4 parcels (TMS #: 425-11-00-049, 425-11-00-322, 425-11-00-323, & 425-11-00-324) and individual townhomes, giving the option of living in one unit and selling the other. Shared driveway is via legal easement. Property to be sold in as-is condition.
Location
State SC
County Charleston
Zoning City of Charleston - DR-1F - Diverse Residential (Front Yards Required)
Exterior
Parking Features Surface
Garage Spaces 8.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
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Listed by Kit Thrash • Kit Thrash Properties LLC
Nearby School & Business
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Elizabeth "Mama Liz" Loadholt
COO, BIC, CRB, AHWD | License ID: 1875
COO, BIC, CRB, AHWD License ID: 1875