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53 Drake Street

Charleston, SC 29403
  • $1,399,000
  • STATUS: Active
  • ON SITE: 131 Days
  • ID#: 23024061
UPDATED: 58 min ago
$1,399,000
  • 8
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,502
    SQFT
  • $559
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

***Ask about the possibility of receiving 1% reduction in interest rate and free refi.*** Introducing an exceptional potential investment opportunity in the heart of downtown Charleston, this multi-family residence presents a great prospect for savvy investors. Comprising four well-maintained 2-bedroom, 1-bathroom units, this property is currently fully leased through July 2024.Three of the units, each fetching an impressive $2,030 per month, provide a solid foundation for the current annual gross income of $95,000. The remaining unit commands a rental rate of $1,830 per month.This property boasts recent renovations including a new roof, updated siding, and a fresh exterior paint job completed in 2023, underscoring its commitment to maintaining its condition.Strategically positioned a mere block away from East Bay Street and within half a mile of the Arthur Ravenel Jr Bridge, residents enjoy easy access to Charleston's vibrant cityscape and the area's rich cultural attractions. Within the immediate vicinity (within 1 mile) lie Marion Square, The College of Charleston, and a diverse array of shopping and dining establishments, making this location highly desirable for tenants seeking the quintessential Charleston experience. Investors will undoubtedly appreciate the exceptional potential of this property. Don't miss this opportunity to secure a well-maintained asset in one of Charleston's most sought-after locations. Schedule a showing today to unlock the full potential of this remarkable investment gem! *Buyer/buyer's agent responsible for gathering all information for city, county, and any and all governing bodies regarding rental possibilities for the property.

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dunes Properties. Data last updated: 2024-02-29T18:31:48.163.
www.dunesproperties.net/homes/144579661
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53 Drake Street Charleston, SC 29403

  • Price: $1,399,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 58 min ago
  • ID#: 23024061
8
Beds
0
Baths
0
½ Baths
0.07
Acres
2,502
SQFT
$559
$/SQFT
1900
Built
Neighborhood:
Eastside
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Elementary School:
Sanders Clyde
Middle School:
Northwoods
High School:
Burke
Property Description
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.*** Introducing an exceptional potential investment opportunity in the heart of downtown Charleston, this multi-family residence presents a great prospect for savvy investors. Comprising four well-maintained 2-bedroom, 1-bathroom units, this property is currently fully leased through July 2024.Three of the units, each fetching an impressive $2,030 per month, provide a solid foundation for the current annual gross income of $95,000. The remaining unit commands a rental rate of $1,830 per month.This property boasts recent renovations including a new roof, updated siding, and a fresh exterior paint job completed in 2023, underscoring its commitment to maintaining its condition.Strategically positioned a mere block away from East Bay Street and within half a mile of the Arthur Ravenel Jr Bridge, residents enjoy easy access to Charleston's vibrant cityscape and the area's rich cultural attractions. Within the immediate vicinity (within 1 mile) lie Marion Square, The College of Charleston, and a diverse array of shopping and dining establishments, making this location highly desirable for tenants seeking the quintessential Charleston experience. Investors will undoubtedly appreciate the exceptional potential of this property. Don't miss this opportunity to secure a well-maintained asset in one of Charleston's most sought-after locations. Schedule a showing today to unlock the full potential of this remarkable investment gem! *Buyer/buyer's agent responsible for gathering all information for city, county, and any and all governing bodies regarding rental possibilities for the property.
Exterior Features

Construction Materials Wood Siding Foundation Details Crawl Space Other Structures None Roof Metal

Interior Features

Cooling Central Air Cooling YN Yes Heating YN No Interior Features Ceiling Fan(s) Unit1 Baths 1 Unit1 Bedrooms 2 Unit2 Baths 1 Unit2 Bedrooms 2 Unit3 Baths 1 Unit3 Bedrooms 2 Unit4 Baths 1 Unit4 Bedrooms 2

Property Features

Listing Terms Any New Construction YN No Sewer Public Sewer Structure Type Single Family Detached Water Source Public

Charleston Trident Association of REALTORS® logo Listing courtesy of Matt O'Neill Real Estate: .


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dunes Properties. Data last updated: 2024-02-29T18:31:48.163.
 
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Dunes Properties
835 Coleman Blvd. Ste. 200
Mount Pleasant SC, 29464