73 Pitt Street, A,B,C,D, Charleston, SC 29403 (MLS# 21027190)

73 Pitt Street, A,B,C,D, Charleston, SC 29403

$2,549,000
Property Type: MultiFamily Square Footage: 5,144 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $2,549,000 List Date: 4/11/2022 Last Modified: 7/16/2022

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) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 10+ 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.

Supplements: 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 10+ 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.

More Information MLS# 21027190

Contract Info

MLS List Date: 2021-10-07 Status: Closed List Price: $2,549,000 Current Price: $2,549,000

Location, Tax & Legal

Tax Map #: 4601603066 Street #: 73 Street Name: Pitt Street Suffix: Street Unit #: A,B,C,D County: Charleston State: SC Zip Code: 29403 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Radcliffeborough Elementary School: Memminger Middle School: Simmons Pinckney High School: Burke Legal Description: 73 PITT Directions: Take Calhoun St. West past King St. Turn right onto Pitt St, and the house is on your left before Vanderhorst St.

General Property Info

Number of Units: 4 # Stories: 3 Primary Structure Apx SqFt: 5144 Year Built: 1840 Acreage: 0.23 Potential Short Sale: No

Income, Expenses & Fees

Gross Income: 172800 Annual Expenses: 37199

Office/Member Info

Buyers Agency Compensation: 2.5 Buyers Agency Compensation Type: %

Status Change Info

Sold Date: 2022-07-15 Sold Price/SqFt: 495.53 New Mortgage Type: Conventional

Unit 1

SqFt: 2964 Bedrooms: 5 Baths: 5.5

Unit 2

SqFt: 900 Bedrooms: 3 Baths: 3.5

Unit 3

SqFt: 640 Bedrooms: 2 Baths: 1

Unit 4

SqFt: 640 Bedrooms: 2 Baths: 1

Property Features

SqFt Source: Hired Measurement Roof: Architectural; Slate Exterior: Wood Siding Foundation: Crawl Space Garage/Parking: Other (Use Remarks) Driveway: Gravel Architectural Style: Quadplex New Owned/Pre-owned: Pre-Owned Equipment/Appliances: Dishwasher; Disposal; Gas Range; Microwave; Refrigerator; Stacked Washer/Dryer Cooling: Central Air Heat: Heat Pump Amenities: Cable TV; Trash Tenant Pays: All Utilities Proposed Financing: Cash; Conventional Loan Possession: Tenants Rights Water/Sewer: Public Sewer; Public Water Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: The Boulevard Company, LLC
Last Updated: July - 16 - 2022
73 Pitt Street, A,B,C,D, Charleston, SC 29403- MLS# 21027190
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.

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