77 Pitt Street, Charleston, SC 29403

$1,595,000
Property Type: MultiFamily Square Footage: 4,300 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,675,000 List Date: 9/13/2022 Last Modified: 12/14/2022

Description

Fantastic property with tremendous rental history grossing 151,200 in annual income / insurance 10,383.00/ property taxes 20,233.35 / with leases currently in place. Historic 1800's, three unit home located downtown Charleston in the heart of Radcliffeborough. Located steps to the College of Charleston, MUSC, King Street and Marion Square this location can not be beat and is ideal for student and young professional living. Although this property is walking distance to everything downtown has to offer, it is notably important that ample off street parking (enough for 6-7 vehicles) is included with the property which is rare in this location. The three units offer different layouts all having access to one of the original double piazzas and an abundance of natural light fills each unit

Supplements: with large windows located in every room. Unit A offers 4 or 5 bedrooms and 2 full bathrooms rented for 6000 per month. Unit C offers 4 bedrooms and 2 bath at 4800 per month and Unit C is one bedroom and one bath at 1800.00 per month. All boast original hardwood floors and original details such as fireplaces, crown and shoe molding, claw foot tubs and intricate trim work. Gorgeous original split french doors, exposed beams and brick are also located throughout adding upscale character to each unit. Along with the charm of a historic home, the conveniences of modern living are offered through completely renovated kitchens with stainless steel appliances and bathrooms with granite counter tops, glass shower doors and porcelain tile floors. Unit A offers a chef's kitchen with chef grade appliances and a large center island. The double piazzas are spacious and offer an outdoor living and entertaining aspect for each unit. All appliances (dishwashers, dryers, ranges,washers) have been replaced and are brand new which minimizes maintenance costs and tenant issues. In addition there is a value add with future rental rates by renting the parking spaces individually from the tenants. Leased up through 2023 Schedule a showing today

More Information MLS# 22023981

Contract Info

MLS List Date: 2022-09-13 Status: Closed List Price: $1,675,000 Current Price: $1,595,000

Location, Tax & Legal

Tax Map #: 4601603064 Street #: 77 Street Name: Pitt Street Suffix: Street County: Charleston State: SC Zip Code: 29403 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Radcliffeborough Elementary School: Memminger Middle School: Courtenay High School: Burke Legal Description: 77 Pitt Directions: Calhoun to Pitt Street

General Property Info

Number of Units: 3 # Stories: 2 Primary Structure Apx SqFt: 4300 Year Built: 1895 Acreage: 0.14 Potential Short Sale: No

Income, Expenses & Fees

Gross Income: 151200 Annual Expenses: 30617 Net Income: 120583

Office/Member Info

Buyers Agency Compensation: 2.5 Buyers Agency Compensation Type: %

Status Change Info

Sold Date: 2022-12-14 Sold Price/SqFt: 370.93 New Mortgage Type: Cash

Unit 1

SqFt: 2150 Bedrooms: 4 Baths: 2

Unit 2

SqFt: 1650 Bedrooms: 4 Baths: 2

Unit 3

SqFt: 600 Bedrooms: 1 Baths: 1

Property Features

SqFt Source: Builder/Owner Garage/Parking: Other (Use Remarks) Driveway: Concrete Architectural Style: Triplex New Owned/Pre-owned: Pre-Owned Equipment/Appliances: Dishwasher; Dryer; Electric Dryer Hookup; Electric Range; Microwave; Refrigerator; Washer Cooling: Central Air Heat: Heat Pump Tenant Pays: All Utilities Proposed Financing: Any Possession: Negotiable Water/Sewer: Public Sewer; Public Water
Listing Office: Tift Properties
Last Updated: December - 14 - 2022
77 Pitt Street, Charleston, SC 29403- MLS# 22023981
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.

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