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) with renewals in place through 7/31/23 at $14,750/month (w/90 day kick-out clause) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 6+ 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. 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 6+ 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.
Listing Date: 01-30-2023
Sold Date: 07-15-2022
Listing Sold: 
1 Year(s), 9 month(s), 11 day(s) ago
Asking Price: $2,549,000
Selling Price: $2,549,000
Price Difference:
Same as list price
Anchored: No
Year Built: 1840
Asking Price Type: Fixed Price
Parking Type: Surface
County: Charleston
Land Size: 0.00
Title: Renovated Historic 4 Unit Property Close to Marion Square & C of C
Second Property Subtype: Multi Family
Zoning: City of Charleston - DR-1 - D
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $2,549,000
Build To Suit: No
Property Use Type: Investment, Multi-Family
Class Type: Multi Family
Sold Date: 2022-07-15T00:00:00
Rentable Area: 5144
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office The Boulevard Company, LLC