0 Queen Street, Charleston, SC 29401 (MLS# 1117954)


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0 Queen Street, Charleston, SC 29401

$2,750,000
Property Type: MultiFamily Status: Closed
Current Price: $3,800,000 List Date: 7/21/2011 Last Modified: 5/12/2020

Description

This is two contiguous property's 46 & 50 Queen St. MLS# 1117951 46 Queen offered at $2,200,000 MLS# 1117953 offered at $1,700,000. This listing includes two historically significant main buildings, plus their related outbuildings (kitchen house, carriage house, and stable house), plus 18 off street parking spots which is almost unheard of in the Historic District. Attached are detailed drawings showing the SF of each building, each unit, paved basements, and parking areas. Currently used as 16 apartments and one retail space, this property easily could be converted to condominiums. Other possibilities include a bed and breakfast, or conversion of portions back to a dramatic single family mansion house. This property is only 1/2 block from the Mills House Hotel and 3 blocks to the hotels

Supplements: at the Waterfront Park which is at the end of the street. You can see the Waterfront Park from the front of the property. No facade easement has been taken so there is potential for large tax write-off. Rental history is near 100% because of location location location and off street parking. Financials will be provided to all serious inquiries, but is currently grossing about $180k. 46 Queen St is a four story brick and stucco mansion house from approximately 1799, with 12' ceilings, original fireplaces in each unit, wide piazzas. There are 7 apartments in the main house. The kitchen house is two story brick 2/1. The carriage house has two 2BDRM/1 Bath units. The stable house is a 1/1 with its own private courtyard. Adjacent is 50 Queen St., a three story brick and stucco house from approximately 1890, with 12' ceilings. 50 Queen has a retail unit on the first floor and 5 apartments. Both properties have high elevations allowing them to have fully paved basements which provide all the space necessary to run a B & B or for maintenance areas. Seller is a broker. Much of this property has been owned by the family for over 100 years. This is a true gem of a property with unlimited potential.

More Information MLS# 1117954

Location, Tax & Legal

Legal Description: LEGAL: 50 & 52 QUEEN LEGAL: 46 & 48 QUEEN Tax Map #: 4580901078 Street Name: Queen Street Suffix: Street County: Charleston State: SC Zip Code: 29401 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Downtown Elementary School: Memminger Middle School: Courtenay High School: Burke Directions: Queen St.

General Property Info

# Stories: 4 Ground Level: Yes Lease Purchase: No Potential Short Sale: No Number of Units: 16 Year Built: 1890

Income, Expenses & Fees

Gross Income: 180000 Auction: No

Status Change Info

New Mortgage Type: Seller Finance Sold Date: 2012-11-16

SqFt Source

Appraisal: 1

Architectural Style

Other: 1

New Owned/Pre-owned

Pre-Owned: 1

Contract Info

MLS List Date: 2011-07-21 Status: Closed List Price: $3,800,000 Current Price: $2,750,000

Property Features

SqFt Source: Appraisal Architectural Style: Other
Listing Office: Charlestowne Properties & Dev
IDX
Last Updated: May - 12 - 2020
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


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