This triplex in Cannonborough has the perfect investment property location--just a few blocks from MUSC, College of Charleston, and the Charleston School of Law. It's also close to many popular restaurants: Five Loaves, The Grocery, Fuel, Hominy Grill, Lana, and everything that upper King has to offer. Unit A is a 2 bedroom apartment rented through July 31st, 2014 at $1,525 per month. Unit B is a 2 bedroom apartment rented through June 30, 2014 at $1,600 per month. Unit C is a separate one story 1 bedroom house rented through July 31, 2014 at $1,025 per month. Total yearly gross rental income is $50,100. Hazard Insurance premium is $4,431. Taxes were $5,367.96. )Note that if you were to owner occupy, taxes would be much, much less.) Flood Insurance premium is $705. Located in FEMA flood zone AE, so most lenders will require flood insurance.
Listing Date: 04-14-2014
Sold Date: 08-01-2014
Aprox Days on Market: 
3 month(s), 17 day(s)
Listing Sold: 
11 Year(s), 10 month(s), 13 day(s) ago
Original Asking Price: $550,000
Asking Price: $550,000
Selling Price: $485,000
Price Difference From Original:
Reduced By $65,000
Price Difference From Asking:
Reduced By $65,000
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Farm Credit Service Incl: No
Community Features: Bus Line
Fullbaths: 3
Levels: Two
Year Built: 1852
Floors: Wood
Misc Ext: Covered
Gar Pkg: Off Street
Desclocation: Other
Interior Features: High Ceilings, Living/Dining Combo
Fireplace: Yes
Lot Size: 0.08
Lot Desc: Level
Lot Size Units: Acres
Acres: 0.08
Lot Sqft: 3484.8
Irrigation Water Rights: No
Mobile Home Remains: No
Property Type: A
Stories: 2
Foundation: Crawl Space
Exterior: Block, Wood Siding
Roof: Architectural, Metal
Building Area Units: Square Feet
Special: Flood Insurance
Entry Location: Ground Level
Home Warranty: No
Habitable Residence: No
Structure Type: Triplex
Beds: 5
Room Master Bedroom Level: Lower
Sold Date: 2014-08-01T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft: 1864
Unit: A,B,C
Water Source: Public
Utilities: Charleston Water Service, SCE & G
Heating: Yes
Heat: Forced Air
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Courtesy of listing office REMAX Results