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

$2,250,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$2,250,000 No Recent Price Change
179 Queen St 1-5
Charleston, SC 29401
  • N/APrice per SqFt
  • N/ASqFt
  • 7Days on Market
  • N/AZoning
  • N/AYear Built
  • Multi-FamilyUse
  • 4571201003Tax ID
  • MLS# 30802639
  • Commercial Sales
  • Multi-Family
  • Active

  • Approx Time on Market7 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

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


Building Info

Year Built Date:  1,850

Financial

Sale Terms:  Cash to Seller

Sale Price Max Total:  $2,250,000

Sale Price Min Total:  $2,250,000

Lot Info

Acres:  0.00

Misc

Property Info

Msa:  Charleston-North Charleston

Title:  Income Producing 5 Unit Multifamily on Queen Street

County:  Charleston

Property Subtype:  Duplex/Fourplex

Sale / Lease Info

Sqft Info

Size Rentable Sf:  4,500

Tax Info

Courtesy of listing office Realty One Group Coastal 

Featured Lender

image

Jim Hutto

Beacon Bank

843-990-5517
jim@beacon.bank
https://www.beacon.bank/connect/our-team/commercial-bankers

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On simplycommercial.com since Fri, May 13th 2022
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 05-21-2022 9:08 AM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-21-2022 9:08 AM EST est.

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