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78 & 80 Drake Street, Charleston, SC 29403
$2,950,000
Property Type:
MultiFamily
Square Footage:
8,200
Lot Size (sq. ft.):
13,939
Status:
Closed
Current Price:
$2,999,999
List Date:
4/02/2024
Last Modified:
6/05/2024
Description
12 UNIT INVESTMENT PROPERTY - Downtown near Cigar Factory * All Units 2 bed / 1 Bath * Potential Condo Conversion * High Growth Area * Excellent Rental history w/ability to raise rents in 2024 * Fenced & Gated * 18 Parking Spaces * Very Good Condition * 2 Units Updated in 2023
More Information MLS# 24008182
Contract Info
Primary Structure List Price/SqFt: 365.85
MLS List Date: 2024-04-01
Status: Closed
List Price: $2,999,999
Current Price: $2,950,000
Location, Tax & Legal
Legal Description: 78 & 80 Drake St. Charleston
Tax Map #: 4590604036
Street #: 78 & 80
Street Name: Drake
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: Sanders Clyde
Middle School: Simmons Pinckney
High School: Burke
General Property Info
# Stories: 2
Ground Level: No
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 12
Primary Structure Apx SqFt: 8200
Year Built: 1988
Acreage: 0.32
Income, Expenses & Fees
Gross Income: 20825
Auction: No
Status Change Info
Sold Price/SqFt: 359.76
New Mortgage Type: Unknown
Sold Date: 2024-06-04
SqFt Source
Previous Listing: 1
Tax Records: 1
Unit 1
SqFt: 4100
Bedrooms: 12
Baths: 6
Unit 2
SqFt: 4100
Bedrooms: 12
Baths: 6
Exterior
Block/Masonry: 1
Foundation
Slab: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Gravel: 1
Architectural Style
More than 4: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Disposal: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Stacked Washer/Dryer: 1
Cooling
Central Air: 1
Heat
Forced Air: 1
Amenities
Security: 1
Trash: 1
Sale Includes
Building and Land: 1
Proposed Financing
Any: 1
Tenant Pays
All Utilities: 1
Possession
At Closing: 1
Special
Flood Insurance: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Property Features
SqFt Source: Previous Listing; Tax Records
Exterior: Block/Masonry
Foundation: Slab
Driveway: Gravel
Architectural Style: More than 4
Cooling: Central Air
Heat: Forced Air
Amenities: Security; Trash
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Any
Possession: At Closing
Special: Flood Insurance
Utility Suppliers: Charleston Water Service
Documents
Rent Roll, Ins & Taxes ›
Listing Office:
The Peninsula Company, LLC
Last Updated: June - 05 - 2024
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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