73 Pitt Street A,B,C,D, Charleston, SC 29403 (MLS# 21027190)


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73 Pitt Street A,B,C,D, Charleston, SC 29403

$2,549,000
Property Type: MultiFamily Square Footage: 5,144 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $2,549,000 List Date: 4/11/2022 Last Modified: 7/16/2022

Description

The William Waller House, circa 1840, is situated on a large .23 acre lot located in the heart of Radcliffeborough and just steps from Upper/Central King St., Marion Square, the College of Charleston, and MUSC. The property features 4 units, and 12 bedrooms 10 full and 2 half baths, . Current gross annual income is $14,400/month ($172,800 annually) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 10+ off-street parking spaces. All of the units were renovated extensively in 2019-20 with updated electrical, plumbing, HVAC, lighting, and all new kitchens and baths.

Supplements: The stunning main house (Unit A) features 5 bedrooms/5.5 baths and approximately 3,000 sq.ft. making it ideal for use as a primary residence while allowing the flexibility of continuing to lease Units B, C, and D at $7,900/month (increasing to $8,150/month). Believed to have been constructed by Richard Holloway, this grand structure has been preserved with original plaster moldings, wide plank heart pine floors, 11 foot + ceilings, grand double piazzas, wrought iron gates, and original marble mantles/surrounds on two of the four fireplaces. The property has a current lease in place at $6,500/month, which is increasing to $6,600/month in August. Unit B has approximately 900 sq.ft. with 3 bedrooms/3.5 baths and a lease currently in place at $3,500/month (increasing to $3,600/month). This stunning unit features updated plumbing, electrical, and HVAC along with reclaimed hardwood floors, beautifully finished bathrooms, and a well appointed kitchen featuring new countertops, cabinets, appliances, and lighting/plumbing fixtures. Units C & D are approximately 640 sq.ft. each with 2 bedrooms/1 bath. Both units are leased at $2,200/month (increasing to $2,250 & $2,300/month) and features updated kitchens/baths, new HVAC units, refinished original hardwood floors, and updated lighting throughout. There are 10+ off street spaces on-site and each individual unit is eligible to apply for 2 on-street parking decals through the City of Charleston. Additional income/expense information available by request.

More Information MLS# 21027190

Contract Info

Primary Structure List Price/SqFt: 495.53 MLS List Date: 2021-10-07 Status: Closed List Price: $2,549,000 Current Price: $2,549,000

Location, Tax & Legal

Unit #: A,B,C,D Legal Description: 73 PITT Tax Map #: 4601603066 Street #: 73 Street Name: Pitt 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: Take Calhoun St. West past King St. Turn right onto Pitt St, and the house is on your left before Vanderhorst St.

General Property Info

# Stories: 3 Potential Short Sale: No Number of Units: 4 Primary Structure Apx SqFt: 5144 Year Built: 1840 Acreage: 0.23

Income, Expenses & Fees

Gross Income: 172800

Status Change Info

Sold Price/SqFt: 495.53 New Mortgage Type: Conventional Sold Date: 2022-07-15

SqFt Source

Hired Measurement: 1

Unit 1

SqFt: 2964 Bedrooms: 5 Baths: 5.5

Unit 2

SqFt: 900 Bedrooms: 3 Baths: 3.5

Unit 3

SqFt: 640 Bedrooms: 2 Baths: 1

Unit 4

SqFt: 640 Bedrooms: 2 Baths: 1

Roof

Architectural: 1 Slate: 1

Exterior

Wood Siding: 1

Foundation

Crawl Space: 1

Garage/Parking

Other (Use Remarks): 1

Driveway

Gravel: 1

Architectural Style

Quadplex: 1

New Owned/Pre-owned

Pre-Owned: 1

Equipment/Appliances

Dishwasher: 1 Disposal: 1 Gas Range: 1 Microwave: 1 Refrigerator: 1 Stacked Washer/Dryer: 1

Cooling

Central Air: 1

Heat

Heat Pump: 1

Amenities

Cable TV: 1 Trash: 1

Proposed Financing

Cash: 1 Conventional Loan: 1

Tenant Pays

All Utilities: 1

Possession

Tenants Rights: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Utility Suppliers

Charleston Water Service: 1 Dominion Energy: 1

Income Expenses Fees

Annual Expenses: 37199

Property Features

SqFt Source: Hired Measurement Roof: Architectural; Slate Exterior: Wood Siding Foundation: Crawl Space Driveway: Gravel Architectural Style: Quadplex Cooling: Central Air Heat: Heat Pump Amenities: Cable TV; Trash Tenant Pays: All Utilities Proposed Financing: Cash; Conventional Loan Possession: Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: The Boulevard Company
IDX
Last Updated: July - 16 - 2022
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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