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132 Smith Street, Charleston, SC 29403
$4,785,000
Property Type:
MultiFamily
Square Footage:
20,599
Lot Size (sq. ft.):
23,958
Status:
Closed
Current Price:
$4,700,000
List Date:
7/22/2015
Last Modified:
5/02/2023
Description
** Due to the demand of this property we will be having a Call to Offers. The deadline for offers will be on 8/20/15. Please call listing broker for details.**
This is 14 units within 4 buildings in the heart of downtown. The property has been used as college rentals with the average increase in rents going up at least 5%/year. Great rental history with the only vacancies attributed to construction during upgrades. There is room for another structure in the rear. There is also value add opportunities with upgrades to the buildings and ultimately the possibility of making this a condo project. A majority of leases are signed thru 7/16. Each multi bedroom unit is allotted 2 off street parking spaces and the 1 bedroom unit is allotted 1 off street parking space.
More Information MLS# 15019405
Contract Info
Primary Structure List Price/SqFt: 228.17
MLS List Date: 2015-07-22
Status: Closed
List Price: $4,700,000
Current Price: $4,785,000
Location, Tax & Legal
Legal Description: NE SMITH AND VANDERHORST
Tax Map #: 4601601097
Street #: 132
Street Name: Smith
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Radcliffeborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: https://goo.gl/maps/S4x1U
General Property Info
# Stories: 3
Ground Level: No
Lease Purchase: No
Potential Short Sale: No
Number of Units: 14
Primary Structure Apx SqFt: 20599
Year Built: 1800
Acreage: 0.55
Income, Expenses & Fees
Gross Income: 448800
Status Change Info
Sold Price/SqFt: 232.29
New Mortgage Type: Conventional
Sold Date: 2015-12-11
SqFt Source
Tax Records: 1
Zoning
Conforming: 1
Architectural Style
Other: 1
New Owned/Pre-owned
Pre-Owned: 1
Cooling
Central Air: 1
Window Unit(s): 1
Heat
Electric: 1
Forced Air: 1
Heat Pump: 1
See Remarks: 1
Sale Includes
Building Only: 1
Other (Use Remarks): 1
Proposed Financing
Cash: 1
Conventional Loan: 1
FHA Loan: 1
Tenant Pays
All Utilities: 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Utility Suppliers
SCE & G: 1
Income Expenses Fees
Annual Expenses: 92638
Net Income: 356162
Property Features
SqFt Source: Tax Records
Architectural Style: Other
Zoning: Conforming
Cooling: Central Air; Window Unit(s)
Heat: Electric; Forced Air; Heat Pump; See Remarks
Sale Includes: Building Only; Other (Use Remarks)
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan; FHA Loan
Possession: At Closing
Utility Suppliers: SCE & G
Documents
Lead Paint Disclosure ›
Listing Office:
Twin Rivers Capital LLC
Last Updated: May - 02 - 2023
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.
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