| $1,700,000 -> $1,700,000 on 11/30/2024 |
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.
LISTED BY McConnell Real Estate Partners, (843) 300-7585
