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38 Bull Street, Charleston, SC 29401
$2,460,000
Property Type:
MultiFamily
Square Footage:
5,608
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$2,775,000
List Date:
5/14/2024
Last Modified:
6/20/2024
Description
Step into the heart of historic charm in downtown Charleston's beloved Harleston Village neighborhood with this unique investment opportunity. The property consists of two buildings with four individual units and 15 parking spaces. It was updated in 2016 when purchased by existing owners. It has an extremely strong rental history and has been 100% leased for the last 7 years with annual rents of $210,000+. The property is fully leased until August 2025 with rental rates locked in to increase 11%. Within walking distance of the College of Charleston and MUSC, as well as Colonial Lake and vibrant King Street, residents can easily enjoy all that downtown has to offer. The historic home dates back to 1880 and boasts two levels of piazzas overlooking iconic Bull Street, offering
Supplements: quintessential Charleston views. Unit A features three bedrooms and two full baths, while Unit B spans two stories, with three bedrooms and two baths across its two floors. Unit C offers cozy comfort with one bedroom and one bath, while the remaining unit, Unit D, is a back house apartment with three bedrooms and two bathrooms. Off-street parking, currently leased for additional income, adds a coveted amenity to this historic gem.
More Information MLS# 24012252
Contract Info
Primary Structure List Price/SqFt: 494.83
MLS List Date: 2024-05-13
Status: Closed
List Price: $2,775,000
Current Price: $2,460,000
Location, Tax & Legal
Legal Description: 38 BULL
Tax Map #: 4570302026
Street #: 38
Street Name: Bull
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29401
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Harleston Village
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: From Rutledge, turn LEFT onto Bull Street. Home will be on your LEFT.
General Property Info
# Stories: 3
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 4
Primary Structure Apx SqFt: 5608
Year Built: 1880
Acreage: 0.26
Status Change Info
Sold Price/SqFt: 438.66
New Mortgage Type: Conventional
Sold Date: 2024-06-20
SqFt Source
Appraisal: 1
Unit 1
Bedrooms: 3
Baths: 2
Unit 2
Bedrooms: 3
Baths: 2
Unit 3
Bedrooms: 1
Baths: 1
Unit 4
Bedrooms: 3
Baths: 2
Roof
Metal: 1
Exterior
Wood Siding: 1
Garage/Parking
Other (Use Remarks): 1
Architectural Style
Single Family Detached: 1
New Owned/Pre-owned
Pre-Owned: 1
Cooling
Central Air: 1
Heat
Forced Air: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Appraisal
Roof: Metal
Exterior: Wood Siding
Architectural Style: Single Family Detached
Cooling: Central Air
Heat: Forced Air
Proposed Financing: Cash; Conventional Loan
Possession: At Closing
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office:
The Cassina Group
Last Updated: June - 20 - 2024
Broker Attribution:
843-628-0008
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