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$1,650,000

Status: For Sale

Price Drop (-2.94%)
Property type: Condo
Year built: 1950
List Date: 2024-09-26
Lot Size: 0.2600 acres
Area
2878 ft2
Days For Sale
88

Location

Amenities

  • Architectural
  • Ceiling Fan(s)
  • Central Air
  • Charleston Water Service
  • Dominion Energy
  • Electric

Description

Presenting an incredible investment opportunity in the heart of the exclusive Historic District of Olde North Charleston! This newly renovated 8-bedroom, 4-bathroom quadplex is situated on two lots, offering a unique chance for potential value-add for the next owner. Zoned as ''Specialty Apartments,'' the property allows for all units to be rented on a short-term basis, maximizing rental flexibility and income potential. With Olde North Charleston's shops, dining, and retail center just a short walk away, and attractions like Riverfront Park and the soon-to-be waterfront village at Battery Park within easy reach, this property is perfectly positioned for visitors seeking convenience and entertainment while here.The property has undergone a complete studs-out renovation, blending the....historic charm of the area with modern, high-end finishes. Each of the four units features 2 bedrooms and 1 bathroom, with newly installed luxury vinyl plank flooring throughout, GE and Insignia appliances, stackable washers and dryers, new windows, and updated light fixtures. The redesigned floor plan now includes a more open layout, with balconies off one bedroom in each unit. Quartz countertops, brand-new vanities, tub/shower combos, and stylish new hardware complete the sleek and modern interior. Beyond the aesthetic updates, this property has seen significant improvements to minimize future maintenance costs for the new owner. Upgrades include all-new electrical, plumbing, insulation, HVAC systems, and ductwork, along with new water heaters, repaired subflooring, and reinforced back porch supports. The exterior features fresh paint, new landscaping, hardscape, and a privacy fence, ensuring both beauty and functionality. With projected gross rental income estimated at $160,000 per year, based on assessments from two local property managers, this quadplex is truly turnkey-simply furnish and rent. Don't miss out on this rare opportunity to invest in a meticulously updated property with immense growth potential, zoned for short-term rentals, in the thriving Olde North Charleston area.

What's YOUR Home Worth?

Price Change History

  1. $1,700,000 $591/SqFt

  2. $1,650,000 $573/SqFt

Schools

1-5 SPED Schools in 29405

Name
Address
Phone
Type
Grade
3100 Carner Avenue
8437462210
Public
1-5 SPED

6-12 SPED Schools in 29405

Name
Address
Phone
Type
Grade
4542 Simms Ave.
8433217104
Public
6-12 SPED
5109-B West Enterprise Street
8435294990
Public
6-12 SPED
2950 Carner Avenue
8437457102
Public
6-12 SPED

6-8 SPED Schools in 29405

Name
Address
Phone
Type
Grade
1999 Singley Lane
8437452000
Public
6-8 SPED

9-12 SPED Schools in 29405

Name
Address
Phone
Type
Grade
5109-A West Enterprise Street
8437461300
Public
9-12 SPED
1088 East Montague Avenue
8439533231
Public
9-12 SPED
2872 Azalea Drive
8435571611
Public
9-12 SPED
1087 East Montague Avenue
8437457140
Public
9-12 SPED

K5 Schools in 29405

Name
Address
Phone
Type
Grade
4708 Durant Avenue
843-225-2337
Private
K5
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James Schiller

Realtor, Brand Name Real Estate

Happy Clients

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    The information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS boards of the SC Realtors.

    Listing Provided by McConnell Real Estate Partners

    4612 Ohear Ave, North Charleston, SC 29405
    MLS #29405
    $1,650,000
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