$1,350,000 | 9 beds | N/A full baths | N/A half baths | 3,790 sqft

$1,300,000
90 Drake Street
Charleston, SC 29403
  • 9Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 3,790SqFt
  • 1872Year Built
  • 0.13Acres
  • MLS# 22005436
  • Multi Family
  • Sold

  • Approx Time on Market2 months, 21 days
  • AreaHistoric Charleston
  • CountyCharleston
  • Subdivision Eastside

Overview

Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%



Sale Info

Listing Date: 03-04-2022

Sold Date: 05-26-2022

Aprox Days on Market: 
    2 month(s), 21 day(s)

Listing Sold: 
   2 Year(s), 5 month(s), 13 day(s) ago

Original Asking Price: $1,350,000

Asking Price: $1,350,000

Selling Price: $1,300,000

Price Difference From Original: 
Reduced By $50,000

Price Difference From Asking: 
Reduced By $50,000

Agriculture / Farm

Grazing Permits Forest Service:  No

Grazing Permits Private:  No

Grazing Permits Blm:  No

Horse:  No

Farm Credit Service Incl:  No

Association Fees / Info

Bathroom Info

Building Info

Year Built:  1872

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Gar Pkg:  Other (Use Remarks)

Garage:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lot Size:  0.13

Lot Size Units:  Acres

Acres:  0.13

Lot Sqft:  5662.8

Irrigation Water Rights:  No

Offer Compensation

Other

Mobile Home Remains:  No

Property Info

Property Type:  B

Stories:  2

Foundation:  Crawl Space

Exterior:  Wood Siding

New Construction:  No

Roof:  Architectural, Metal

Building Area Units:  Square Feet

View:  No

Home Warranty:  No

Habitable Residence:  No

Structure Type:  Other

Room Info

Beds:  9

Sale / Lease Info

Sold Date:  2022-05-26T00:00:00

Lease Renewal Option:  No

Lease Considered:  No

Lease Assignable:  No

Sqft Info

Unit Sqft:  950

Unit Sqft:  1,420

Unit Sqft:  1,420

Sqft:  3790

Unit Info

Number of Units Total:  3

Unit Bedrooms:  3

Unit Bedrooms:  3

Unit Bedrooms:  3

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Public Sewer

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Sanders Clyde

Middle:  Simmons Pinckney

High:  Burke

Courtesy of listing office River Hawk Properties LLC 

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On kennedyrealty.com since Fri, Mar 4th 2022
No Property History recorded for this listing.
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