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90 Drake Street

Charleston, SC 29403
  • $1,350,000
  • STATUS: Active Under Contract
  • ON SITE: 77 Days
  • ID#: 22005436
Under Contract
UPDATED: 42 min ago
$1,350,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,790
    SQFT
  • $356
    $/SQFT
Type:
Multi-Family
Built:
1872
County:

School Information

Elementary School:
Middle School:
High School:

Description

Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%

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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: 2022-05-21T16:33:44.317.
www.woodsflowers.com/homes/126381266
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90 Drake Street Charleston, SC 29403

  • Price: $1,350,000
  • Status: Active Under Contract
  • On Site: 77 Days
  • Updated: 42 min ago
  • ID#: 22005436
0
Beds
0
Baths
0
½ Baths
0.13
Acres
3,790
SQFT
$356
$/SQFT
1872
Built
Neighborhood:
Charleston Peninsula - Below Crosstown
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Elementary School:
Sanders Clyde
Middle School:
Simmons Pinckney
High School:
Burke
Property Description
Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%
Exterior Features

Architectural Style Other Exterior Wood Siding

Interior Features

Unit1 Baths 2.00 Unit1 Bedrooms 3 Unit1 Sq Ft 1420 Unit2 Baths 2.00 Unit2 Bedrooms 3 Unit2 Sq Ft 1420 Unit3 Baths 1.00 Unit3 Bedrooms 3 Unit3 Sq Ft 950

Listing courtesy of River Hawk Properties Llc.


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: 2022-05-21T16:33:44.317.
 
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Cheryll Woods-Flowers | Coldwell Banker
1127 Queensborough Blvd., Ste 103
Mt. Pleasant SC, 29464