201 Spring Street, Charleston, SC 29403
$970,000
Property Type:
MultiFamily
Square Footage:
2,529
Lot Size (sq. ft.):
3,920
Status:
Active
Current Price:
$970,000
List Date:
4/01/2024
Last Modified:
5/01/2024
Description
Welcome home to 201 Spring Street, a gorgeous, incoming-producing Charleston Single-style QUADPLEX in the heart of Charleston and MINUTES from all it has to offer. 201 Spring is commercially zoned, allowing for different business possibilities! If rents are increased, Projected Gross income can fetch up to $7,200/month. This property has 3 units; 1 large studio, 1 detached studio apartment and 2 larger units - one on each floor. Unit A is currently vacant and gives the opportunity to owner occupy or rent. They're hardwoods throughout the entire property, plus double porches, roof recoated within the last 5 years. One of the rare finds in downtown Charleston, this property offers ample parking in the rear.
Supplements: Parking is often a premium in this historic area, making this feature a valuable asset for both tenants, future customers, new owners. This property also gets treated quarterly for termites.
More Information MLS# 23027306
Contract Info
MLS List Date: 2023-12-05
Status: Active
List Price: $970,000
Current Price: $970,000
Location, Tax & Legal
Tax Map #: 4601104113
Street #: 201
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Legal Description: 201 SPRING
Directions: Going through the Crosstown heading north on Spring, property is on the right.
General Property Info
Number of Units: 3
# Stories: 2
Primary Structure Apx SqFt: 2529
Year Built: 1920
Acreage: 0.09
Potential Short Sale: No
Other Structures Y/N: No
Income, Expenses & Fees
Gross Income: 65520
Office/Member Info
Buyers Agency Compensation: 2.5
Buyers Agency Compensation Type: %
Unit 1
Bedrooms: 1
Baths: 1
Unit 2
Bedrooms: 2
Baths: 1
Unit 3
Bedrooms: 2
Baths: 2
Unit 4
Bedrooms: 1
Baths: 1
Property Features
SqFt Source: Previous Listing; Tax Records
Roof: Metal
Exterior: Wood Siding
Foundation: Crawl Space
Architectural Style: Triplex
New Owned/Pre-owned: Pre-Owned
Equipment/Appliances: Electric Range; Refrigerator
Cooling: Central Air
Heat: Forced Air
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan; Seller/Private
Possession: Tenants Rights
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: Maven Realty
Last Updated: May - 01 - 2024
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