$1,410,000 | 9 beds | N/A full baths | N/A half baths | 4,197 sqft

$1,410,000 No Recent Price Change
2135 Montford Avenue UNIT A, B, C
Charleston, SC 29403
  • 9Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 4,197SqFt
  • 2017Year Built
  • 0.11Acres
  • MLS# 24026495
  • Multi Family
  • Active

  • Approx Time on Market14 days
  • AreaHistoric Charleston - Upper Peninsula
  • CountyCharleston
  • Subdivision Garden Hill

Overview

Don't miss this rare investment opportunity: a 3-unit property built in 2017, situated in the heart of Downtown Charleston. This modern multi-family home offers a total of 9 bedrooms, 6 full baths, and 3 half baths across 4,197 square feet. Each unit boasts approximately 1,300 square feet of living space, featuring 3 bedrooms and 2.5 baths.Inside, you'll find high-end finishes throughout, including an open floor plan with high ceilings, stainless steel appliances, and large windows that fill the space with natural light. Units on the second and third floors feature spacious balconies--perfect for enjoying the Charleston weather.This area offers easy access to all that Wagener Terrace has to offer, a walk or short drive to Historic Downtown Charleston, but it is also adjacent to the NoMo area where there is a growing opportunity to experience this budding area which is becoming a tech hub with many restaurants and breweries providing a fresh social scene, and it's only a 10-15 minute drive to Charleston International Airport. Lastly, from an investment standpoint, this property is within walking distance to the site of the Magnolia Development which is a 20 acre site that is slated to include office and retail within its plans. The property comes with five off-street parking spaces, a highly sought-after amenity in this area. The 3 leases are staggered with lease renewals coming up March 1, 2025, May 1, 2025, and August 1, 2025. The property generates a total of $102,000 in gross revenue between the three units which makes it a great investment opportunity with all three units on long term leases. Conversely, a buyer looking to occupy one unit could easily utilize the revenues from the remaining two units.A $2,500 lender credit is available and will be applied towards the buyer's closing costs and prepaids if thebuyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated sellerconcessions.



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:  2017

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

Interior Features:  Ceiling Fan(s)

Fireplace:  No

Lot Info

Lot Size:  0.11

Lot Size Units:  Acres

Acres:  0.11

Lot Sqft:  4791.6

Irrigation Water Rights:  No

Offer Compensation

Other

Mobile Home Remains:  No

Property Info

Property Type:  B

Stories:  3

Foundation:  Slab

Exterior:  Masonite

New Construction:  No

Roof:  Architectural

Property Subtype:  No

Building Area Units:  Square Feet

View:  No

Home Warranty:  No

Habitable Residence:  No

Structure Type:  Triplex

Room Info

Beds:  9

Sale / Lease Info

Lease Renewal Option:  No

Lease Considered:  No

Lease Assignable:  No

Sqft Info

Unit Sqft:  1,399

Unit Sqft:  1,399

Unit Sqft:  1,399

Sqft:  4197

Unit Info

Number of Units Total:  3

Unit:  A, B, C

Unit Bedrooms:  3

Unit Bedrooms:  3

Unit Bedrooms:  3

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Natural Gas

Water Sewer:  Public Sewer

Cooling:  Central Air

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  James Simons

Middle:  Simmons Pinckney

High:  Burke

Directions

From I-26 East Towards Downtown Charleston, Take Exit 219a Onto Rutledge Ave Then Turn Left Onto Montford Ave. Home Will Be On Right.

Courtesy of listing office Carolina One Real Estate  - 843-779-8660

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On realcharlestonagent.com since Wed, Oct 16th 2024
No Property History recorded for this listing.
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