23-25 Line Street, Charleston, SC 29403 (MLS# 18025653)

$2,325,000

23-25 Line Street
Charleston, SC 29403
MLS# 18025653
Status: Closed
5984 sqft

1 / 22

Property Description
Smith's Alley is the best new redevelopment project in Charleston. Conveniently located near the corner of Meeting & Line Streets across from the new 12 acre Courier Square development. Smith's Alley is a beautifully renovated 7 unit; 22 bedroom apartment building in the epicenter of Charleston's most creative food, music, design, & art scene. Complete restoration from top to bottom: all new roof, electrical, plumbing, & HVAC. Beautiful new kitchens, new high-end appliances, new bathrooms, quality fixtures. Year 1 Rent Income = $185,400. NOI = $154,793 (see the attached Sale Information Packet). Parking available for Tenants & tranquil private courtyards for Tenant use: recreation, meditation, alfresco dining, bike storage. Well positioned in the 'new' center of the Peninsula. Easy access

Details

Documents

Contract Info

MLS List Date: 2018-09-18

Status: Closed

List Price: $2,450,000

Current Price: $2,325,000

Primary Structure List Price/SqFt: 409.43

Location Tax Legal

Tax Map #: 4590503048047

Street #: 23-25

Street Name: Line

Street Suffix: Street

County: Charleston

State: SC

Zip Code: 29403

Area: 51 - Peninsula Charleston Inside of Crosstown

Tax District: 71 - City of Charleston

Subdivision: None

Elementary School: Mitchell

Middle School: Simmons Pinckney

High School: Burke

Directions: From Meeting Street, turn onto Line Street heading East. Property will be on your Right (South Side).

General Property Info

Number of Units: 7

# Stories: 2

Ground Level: Yes

Primary Structure Apx SqFt: 5984

Year Built: 1980

Acreage: 0.23

Potential Short Sale: No

Status Change Info

Sold Date: 2018-12-14

Sold Price/SqFt: 388.54

New Mortgage Type: Conventional

Property Features

SqFt Source: Tax Records

Architectural Style: More than 4

Supplements

to I-26, Mt. Pleasant, and steps from the restaurants & nightlife of Upper Meeting Street and King Street. Easy to lease - Tenants will be drawn to this trend-setting neighborhood with so many available amenities: bike the bridge, take a Yoga class, see a show at Woolfe Street Playhouse, meet friends at The Alley, Rappahannock Oyster Bar, The Commodore, Indaco, & so much more.

Listing Office: Southeastern Management Group

Last Updated: October - 01 - 2020

23-25 Line Street, Charleston, SC 29403 - MLS# 18025653

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