21 Kracke Street, Charleston, SC 29403 (MLS# 19033586)

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
21 Kracke Street, Charleston, SC 29403- MLS# 19033586
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

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