400 Crestview Drive, A,B,C,D, Summerville, SC 29485
$770,000
Property Type:
MultiFamily
Square Footage:
4,002
Lot Size (sq. ft.):
18,295
Status:
Active Contingent
Current Price:
$770,000
List Date:
4/25/2024
Last Modified:
5/12/2024
Description
QUADPLEX townhouse. Rarely offered for sale. Cash flowing unit with positive income in 2023. Projected appreciation 12-20%. Each unit has two beds, 1.5 baths. 4 yr roof. Three of four units are leased through 12/24. Tenants pay all electricity and water. Unit B has new floors, appliances, & paint. Unit D has new kitchen range. Large backyard backs up to residential neighborhood. This is one of only two buildings that have balconies. Great parking. Live in one unit and enjoy the rental income from other three. Or rent out all four units. Do not disturb tenants.
A $2500 Lender Credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.
More Information MLS# 24003858
Contract Info
MLS List Date: 2024-02-15
Status: Active Contingent
List Price: $770,000
Current Price: $770,000
Location, Tax & Legal
Tax Map #: 1451509006
Street #: 400
Street Name: Crestview
Street Suffix: Drive
Unit #: A,B,C,D
County: Dorchester
State: SC
Zip Code: 29485
Area: 62 - Summerville/Ladson/Ravenel to Hwy 165
Tax District: 200 - Dorchester District 2
Subdivision: Briarwood
Elementary School: Spann
Middle School: Alston
High School: Ashley Ridge
Legal Description: 145-15-09-006
Block I. Lot 6.
Directions: From Trolley Rd turn onto Crestview Dr, Building is the 5th building on the left
General Property Info
Number of Units: 4
# Stories: 2
Ground Level: Yes
Primary Structure Apx SqFt: 4002
Year Built: 1984
Acreage: 0.42
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No
Income, Expenses & Fees
Gross Income: 50500
Auction: No
Office/Member Info
Buyers Agency Compensation: 2.5
Buyers Agency Compensation Type: %
Unit 1
SqFt: 1000
Bedrooms: 2
Unit 2
SqFt: 1000
Bedrooms: 2
Baths: 1.5
Unit 3
SqFt: 1000
Bedrooms: 2
Baths: 1.5
Unit 4
SqFt: 1000
Bedrooms: 2
Baths: 1.5
Property Features
SqFt Source: Tax Records
Roof: Asphalt Shingle
Exterior: Brick - Veneer
Foundation: Slab
Garage/Parking: Other (Use Remarks)
Driveway: Blacktop
Architectural Style: Quadplex; Townhouse
New Owned/Pre-owned: Pre-Owned
Equipment/Appliances: Dishwasher; Electric Dryer Hookup; Electric Range; Refrigerator; Washer Hookup
Heat: Heat Pump
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan; VA Loan
Possession: At Closing
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Dominion Energy; Summerville CPW
Listing Office: Carolina One Real Estate
Last Updated: May - 12 - 2024
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.
Broker Attribution:
843-779-8660
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