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73 Pitt ST Charleston, SC 29403
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Key Details
Sold Price $2,549,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 30783450
Year Built 1840
Property Sub-Type Multi Family
Property Description
The William Waller House, circa 1840, is situated on a large .23 acre lot located in the heart of Radcliffeborough and just steps from Upper/Central King St., Marion Square, the College of Charleston, and MUSC. The property features 4 units, and 12 bedrooms 10 full and 2 half baths, . Current gross annual income is $14,400/month ($172,800 annually) with renewals in place through 7/31/23 at $14,750/month (w/90 day kick-out clause) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 6+ off-street parking spaces. All of the units were renovated extensively in 2019-20 with updated electrical, plumbing, HVAC, lighting, and all new kitchens and baths. The stunning main house (Unit A) features 5 bedrooms/5.5 baths and approximately 3,000 sq.ft. making it ideal for use as a primary residence while allowing the flexibility of continuing to lease Units B, C, and D at $7,900/month (increasing to $8,150/month). Believed to have been constructed by Richard Holloway, this grand structure has been preserved with original plaster moldings, wide plank heart pine floors, 11 foot + ceilings, grand double piazzas, wrought iron gates, and original marble mantles/surrounds on two of the four fireplaces. The property has a current lease in place at $6,500/month, which is increasing to $6,600/month in August.Unit B has approximately 900 sq.ft. with 3 bedrooms/3.5 baths and a lease currently in place at $3,500/month (increasing to $3,600/month). This stunning unit features updated plumbing, electrical, and HVAC along with reclaimed hardwood floors, beautifully finished bathrooms, and a well appointed kitchen featuring new countertops, cabinets, appliances, and lighting/plumbing fixtures.Units C & D are approximately 640 sq.ft. each with 2 bedrooms/1 bath. Both units are leased at $2,200/month (increasing to $2,250 & $2,300/month) and features updated kitchens/baths, new HVAC units, refinished original hardwood floors, and updated lighting throughout.There are 6+ off street spaces on-site and each individual unit is eligible to apply for 2 on-street parking decals through the City of Charleston. Additional income/expense information available by request.
Location
State SC
County Charleston
Zoning City of Charleston - DR-1 - Diverse Residential (Front Yards Not Required)
Exterior
Parking Features Surface
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
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