132 Smith Street, Charleston, SC 29403
$4,785,000
Property Type:
MultiFamily
Square Footage:
20,599
Lot Size (sq. ft.):
23,958
Status:
Closed
Current Price:
$4,700,000
List Date:
7/22/2015
Last Modified:
5/02/2023
Overview
Description
** Due to the demand of this property we will be having a Call to Offers. The deadline for offers will be on 8/20/15. Please call listing broker for details.**
This is 14 units within 4 buildings in the heart of downtown. The property has been used as college rentals with the average increase in rents going up at least 5%/year. Great rental history with the only vacancies attributed to construction during upgrades. There is room for another structure in the rear. There is also value add opportunities with upgrades to the buildings and ultimately the possibility of making this a condo project. A majority of leases are signed thru 7/16. Each multi bedroom unit is allotted 2 off street parking spaces and the 1 bedroom unit is allotted 1 off street parking space.
Listing Details MLS# 15019405
Location, Tax & Legal
- Tax Map #
- 4601601097
- Street #
- 132
- Street Name
- Smith
- 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
- https://goo.gl/maps/S4x1U
- Legal Description
- NE SMITH AND VANDERHORST
Contract Info
- MLS List Date
- 2015-07-22
- Primary Structure List Price/SqFt
- 228.17
General Property Info
- Number of Units
- 14
- # Stories
- 3
- Ground Level
- No
- Primary Structure Apx SqFt
- 20599
- Year Built
- 1800
- Acreage
- 0.55
- Lease Purchase
- No
- Potential Short Sale
- No
Income Expenses Fees
- Annual Expenses
- 92638
- Net Income
- 356162
Status Change Info
- Sold Date
- 2015-12-11
- Sold Price/SqFt
- 232.29
- New Mortgage Type
- Conventional
Income, Expenses & Fees
- Gross Income
- 448800
More Information
SqFt Source
- Tax Records
- Yes
Zoning
- Conforming
- Yes
Architectural Style
- Other
- Yes
New Owned/Pre-owned
- Pre-Owned
- Yes
Cooling
- Central Air
- Yes
- Window Unit(s)
- Yes
Heat
- Electric
- Yes
- Forced Air
- Yes
- Heat Pump
- Yes
- See Remarks
- Yes
Sale Includes
- Building Only
- Yes
- Other (Use Remarks)
- Yes
Proposed Financing
- Cash
- Yes
- Conventional Loan
- Yes
- FHA Loan
- Yes
Tenant Pays
- All Utilities
- Yes
Possession
- At Closing
- Yes
Water/Sewer
- Public Sewer
- Yes
Utility Suppliers
- SCE & G
- Yes
Property Features
SqFt Source:
Tax Records
Architectural Style:
Other
Zoning:
Conforming
Cooling:
Central Air; Window Unit(s)
Heat:
Electric; Forced Air; Heat Pump; See Remarks
Sale Includes:
Building Only; Other (Use Remarks)
Tenant Pays:
All Utilities
Proposed Financing:
Cash; Conventional Loan; FHA Loan
Possession:
At Closing
Utility Suppliers:
SCE & G
Documents
Lead Paint Disclosure ›
Listing Office:
Twin Rivers Capital LLC
Last Updated: May - 02 - 2023
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