Viewing Listing MLS# 30802639 | 179 Queen St 1-5, Charleston SC

Excellent opportunity to own an income producing multifamily property in Harleston Village producing over $170,000 in gross income in 2021. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Property is under new management and rents are being brought up to market as leases expire. Unit 1: 1 BR/ 1 BALeased: STR ~$5,500*Unit 2: 3 BR/ 2 BALeased Executive ~$4,600*Unit 3: 1 BR/ 1 BALeased Long Term $2,500Ends 3/31/23Unit 4: 3 BR/ 1 BALeased Long Term $2,600Ends 7/29/22Unit 5: 2 BR/ 1 BALeased Long Term $4,500Ends 12/18/22*Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month.2021:Gross income = $172,306Expenses = $57,345NOI = $114,961Projected 2022 Gross Income: $230,000