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23-25 Line Street, Charleston, SC 29403
$2,325,000
Property Type:
MultiFamily
Square Footage:
5,984
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$2,450,000
List Date:
9/18/2018
Last Modified:
10/01/2020
Description
Smith's Alley is the best new redevelopment project in Charleston. Conveniently located near the corner of Meeting & Line Streets across from the new 12 acre Courier Square development. Smith's Alley is a beautifully renovated 7 unit; 22 bedroom apartment building in the epicenter of Charleston's most creative food, music, design, & art scene. Complete restoration from top to bottom: all new roof, electrical, plumbing, & HVAC. Beautiful new kitchens, new high-end appliances, new bathrooms, quality fixtures. Year 1 Rent Income = $185,400. NOI = $154,793 (see the attached Sale Information Packet). Parking available for Tenants & tranquil private courtyards for Tenant use: recreation, meditation, alfresco dining, bike storage. Well positioned in the 'new' center of the Peninsula. Easy access
Supplements: to I-26, Mt. Pleasant, and steps from the restaurants & nightlife of Upper Meeting Street and King Street. Easy to lease - Tenants will be drawn to this trend-setting neighborhood with so many available amenities: bike the bridge, take a Yoga class, see a show at Woolfe Street Playhouse, meet friends at The Alley, Rappahannock Oyster Bar, The Commodore, Indaco, & so much more.
More Information MLS# 18025653
Contract Info
Primary Structure List Price/SqFt: 409.43
MLS List Date: 2018-09-18
Status: Closed
List Price: $2,450,000
Current Price: $2,325,000
Location, Tax & Legal
Legal Description: TMS 459-05-03-048 and 459-05-03-047
Tax Map #: 4590503048047
Street #: 23-25
Street Name: Line
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: None
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Directions: From Meeting Street, turn onto Line Street heading East. Property will be on your Right (South Side).
General Property Info
# Stories: 2
Ground Level: Yes
Potential Short Sale: No
Number of Units: 7
Primary Structure Apx SqFt: 5984
Year Built: 1980
Acreage: 0.23
Status Change Info
Sold Price/SqFt: 388.54
New Mortgage Type: Conventional
Sold Date: 2018-12-14
SqFt Source
Tax Records: 1
Architectural Style
More than 4: 1
New Owned/Pre-owned
Pre-Owned: 1
Property Features
SqFt Source: Tax Records
Architectural Style: More than 4
Documents
Lead Paint Disclosure ›
Listing Office:
Southeastern Management Group
Last Updated: October - 01 - 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.
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