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179 Queen Street , 1, 2, 3, 4, 5

Charleston, SC 29401
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 109 Days
  • ID#: 22005657
Under Contract
UPDATED: 60 min ago
$2,250,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
  • $500
    $/SQFT
Type:
Multi-Family
Built:
1855
County:

School Information

Elementary School:
Middle School:
High School:

Description

Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BA Leased: STR ~$5,500* Unit 2: 3 BR/ 2 BA Leased Executive ~$4,600* Unit 3: 1 BR/ 1 BA Leased Long Term $2,500 Ends 3/31/23 Unit 4: 3 BR/ 1 BA Leased Long Term $2,600 Ends 7/29/22 Unit 5: 2 BR/ 1 BA Leased Long Term $4,500 Ends 12/18/22 *Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month. 2021: Gross income = $172,306 Expenses = $57,345 NOI = $114,961 Projected 2022 Gross Income: $230,000

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-06-25T06:33:46.267.
www.woodsflowers.com/homes/126468173
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179 Queen Street , 1, 2, 3, 4, 5 Charleston, SC 29401

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 109 Days
  • Updated: 60 min ago
  • ID#: 22005657
0
Beds
0
Baths
0
½ Baths
0.5
Acres
4,500
SQFT
$500
$/SQFT
1855
Built
Neighborhood:
Charleston Peninsula - Below Crosstown
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Elementary School:
Memminger
Middle School:
Courtenay
High School:
Burke
Property Description
Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BA Leased: STR ~$5,500* Unit 2: 3 BR/ 2 BA Leased Executive ~$4,600* Unit 3: 1 BR/ 1 BA Leased Long Term $2,500 Ends 3/31/23 Unit 4: 3 BR/ 1 BA Leased Long Term $2,600 Ends 7/29/22 Unit 5: 2 BR/ 1 BA Leased Long Term $4,500 Ends 12/18/22 *Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month. 2021: Gross income = $172,306 Expenses = $57,345 NOI = $114,961 Projected 2022 Gross Income: $230,000
Exterior Features

Architectural Style More Than 4Quadplex Exterior Wood Siding Ground Level Yes

Interior Features

Unit1 Baths 1.00 Unit1 Bedrooms 1 Unit1 Sq Ft 650 Unit2 Baths 2.00 Unit2 Bedrooms 3 Unit2 Sq Ft 1100 Unit3 Baths 1.00 Unit3 Bedrooms 1 Unit3 Sq Ft 840 Unit4 Baths 1.00 Unit4 Bedrooms 3 Unit4 Sq Ft 1010

Property Features

Special Flood Insurance

Charleston Trident Association of REALTORS® logo Listing courtesy of Realty One Group Coastal.


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-06-25T06:33:46.267.
 
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Cheryll Woods-Flowers | Coldwell Banker
1127 Queensborough Blvd., Ste 103
Mt. Pleasant SC, 29464