78 & 80 Drake Street, Charleston, SC 29403 (MLS# 24008182)

$2,950,000

78 & 80 Drake Street
Charleston, SC 29403
MLS# 24008182
Status: Closed
8200 sqft

1 / 17

Property Description
12 UNIT INVESTMENT PROPERTY - Downtown near Cigar Factory * All Units 2 bed / 1 Bath * Potential Condo Conversion * High Growth Area * Excellent Rental history w/ability to raise rents in 2024 * Fenced & Gated * 18 Parking Spaces * Very Good Condition * 2 Units Updated in 2023

Details

Documents

Contract Info

MLS List Date: 2024-04-01

Status: Closed

List Price: $2,999,999

Current Price: $2,950,000

Primary Structure List Price/SqFt: 365.85

Location Tax Legal

Tax Map #: 4590604036

Street #: 78 & 80

Street Name: Drake

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: Sanders Clyde

Middle School: Simmons Pinckney

High School: Burke

General Property Info

Number of Units: 12

# Stories: 2

Ground Level: No

Total Apx SqFt: 8200

Year Built: 1988

Acreage: 0.32

Lease Purchase: No

Potential Short Sale: No

Other Structures Y/N: No

Status Change Info

Sold Date: 2024-06-04

Sold Price/SqFt: 359.76

New Mortgage Type: Unknown

Unit 1

SqFt: 4100

Bedrooms: 12

Baths: 6

Unit 2

SqFt: 4100

Bedrooms: 12

Baths: 6

Property Features

SqFt Source: Previous Listing; Tax Records

Exterior: Block/Masonry

Foundation: Slab

Driveway: Gravel

Architectural Style: More than 4

Cooling: Central Air

Heat: Forced Air

Amenities: Security; Trash

Sale Includes: Building and Land

Tenant Pays: All Utilities

Proposed Financing: Any

Possession: At Closing

Special: Flood Insurance

Utility Suppliers: Charleston Water Service

Listing Office: The Peninsula Company, LLC

Last Updated: June - 05 - 2024

78 & 80 Drake Street, Charleston, SC 29403 - MLS# 24008182

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