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21 Kracke Street, Charleston, SC 29403
$730,000
Property Type:
MultiFamily
Square Footage:
2,030
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$730,000
List Date:
6/14/2021
Last Modified:
7/28/2021
Description
1 OUT OF A SPECTACULAR GROUP OF 5 MULTIFAMILY BUILDINGS BUILT FROM 1900 - 1915. FRAME SIDING. THERE ARE 4 PARKING SPACES FOR THIS UNIT.
3 BLOCKS TO MUSC. ANNUAL EXPENSES OF $14,000 SHOWN ARE APPROXIMATE.
SQUARE FOOTAGE IS APPROXIMATE. BUYER SHOULD VERIFY.
THE DUPLEX WILL ALLOW AN OWNER OCCUPANT TO LIVE IN ONE UNIT AND SHORT-TERM LEASE THE OTHER. THIS WILL RESULT IN A **$1,900 /MONTH POSITIVE CASH FLOW*** NET OF ALL EXPENSES AND MORTGAGE PAYMENTS*** WITH THE ADDITIONAL 5TH PARKING SPACE, THE BUYER SHOULD QUALIFY FOR A 2ND SHORT TERM RENTAL UNIT IF HE RECONFIGURES THE HOUSE FOR A 3RD UNIT. SAID UNIT IS NOT REQUIRED TO HAVE A KITCHEN.
More Information MLS# 19033586
Contract Info
MLS List Date: 2019-12-09
Status: Closed
List Price: $730,000
Current Price: $730,000
Location, Tax & Legal
Tax Map #: 4601102129113174
Street #: 21
Street Name: Kracke
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Elliottborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Legal Description: 21 Kracke Street
Directions: TAKE SPRING, TURN NORTH ON KRACKE
General Property Info
Number of Units: 12
# Stories: 2
Primary Structure Apx SqFt: 2030
Year Built: 1920
Acreage: 0.13
Potential Short Sale: No
Income, Expenses & Fees
Gross Income: 50000
Annual Expenses: 14000
Office/Member Info
Buyers Agency Compensation: 3
Buyers Agency Compensation Type: %
Status Change Info
Sold Date: 2021-07-27
Sold Price/SqFt: 359.61
New Mortgage Type: Conventional
Property Features
SqFt Source: Builder/Owner; List Agent
Roof: Fiberglass Shingles; Metal
Exterior: Wood Siding
Foundation: Crawl Space
Garage/Parking: 2 Car
Driveway: Gravel
Architectural Style: Duplex
New Owned/Pre-owned: Pre-Owned
Zoning: Conforming
Equipment/Appliances: Dryer; Washer
Cooling: Central Air
Heat: Heat Pump
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Any
Possession: At Closing; Tenants Rights
Special: Flood Insurance
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: Carolina One Real Estate
Last Updated: July - 28 - 2021
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.
Broker Attribution:
843-779-8660
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc.
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