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MLS# 30783450 | Charleston Commercial Sales

$2,549,000 | N/A beds | N/A full baths | N/A half baths | 5,144 sqft

$2,549,000
73 Pitt Street
Charleston, SC 29403
  • $495.53Price per SqFt
  • 5,144SqFt
  • 451Days on Market
  • N/AZoning
  • 1840Year Built
  • Multi FamilyUse
  • MLS# 30783450
  • Commercial Sales
  • Multi Family
  • Sold

  • Approx Time on MarketN/A
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

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.


Sale Info

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

Building Info

Anchored:  No

Year Built:  1840

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Land Size:  0.00

Misc

Title:  Renovated Historic 4 Unit Property Close to Marion Square & C of C

Offer Compensation

Property Info

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 Info

Sold Date:  2022-07-15T00:00:00

Sqft Info

Rentable Area:  5144

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Courtesy of listing office The Boulevard Company, LLC 

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On domicilecharleston.com since Mon, Jan 30th 2023
No Property History recorded for this listing.
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