Presenting 258 St Phillips an exceptional investment opportunity to own 2 active, legal short term units in historic Elliotborough downtown. Each unit consist of 2 bedrooms 1 bath and zoned general business. The duplex has ample parking and is conveniently situated one block from king making it a highly attractive option for generating stable long-term income. Opportunity to add value by increasing rental rate which is currently far below market average. Pro-forma GOI of 200K. Brand new HVAC unit put in this May.
Listing Date: 02-02-2024
Sold Date: 11-22-2024
Aprox Days on Market: 
9 month(s), 19 day(s)
Listing Sold: 
1 Year(s), 6 month(s), 22 day(s) ago
Original Asking Price: $1,499,000
Asking Price: $1,499,000
Selling Price: $1,300,000
Price Difference From Original:
Reduced By $199,000
Price Difference From Asking:
Reduced By $199,000
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Farm Credit Service Incl: No
Year Built: 1852
Gar Pkg: Other
Interior Features: Ceiling Fan(s)
Lot Size: 0.07
Lot Size Units: Acres
Acres: 0.07
Lot Sqft: 3049.2
Irrigation Water Rights: No
Mobile Home Remains: No
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
Roof: Asphalt
Property Subtype: No
Building Area Units: Square Feet
Home Warranty: No
Habitable Residence: No
Structure Type: Duplex
Beds: 4
Sold Date: 2024-11-22T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft: 1384
Number of Units Total: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Water Source: Public
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Courtesy of listing office Three Real Estate LLC