207 Rutledge Avenue, Charleston, SC 29403

$2,000,000

Property Type: MultiFamily Square Footage: 6,099 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $2,000,000 List Date: 4/29/2020 Last Modified: 9/18/2024

Overview

Description

A unique investment property in the heart of Downtown Charleston! Located in the legal short-term rental overlay district, this property boasts a total of 3 units including a restaurant that could be subdivided into 2 separate commercial units, 2 separate apartments, and 7 leased, designated off-street parking spaces (with potential for 13 additional spots at the corner). The ground level contains the restaurant that is made up of a large kitchen (complete equipment list in MLS docs in ”Marketing Packet”), 2 dining areas, a bar, 3 bathrooms, office & storage space and an outdoor courtyard. This space can be subdivided into 2 separate commercial units. The 2nd, 3rd, & 4th floors make up the 2 separate apartments. The 2nd floor is home to unit B, a 3 bed/2 bath/1,194 sq ft unit wi

Supplements: private covered balcony. There are currently 7 dedicated parking spaces (leased by current owners for $1,000/mo) that are used for the current tenants & restaurant owner and there is potential to lease an additional ~13+ spaces at the corner lot (avail. for ~$2,250/mo. See Marketing Packet for additional info in MLS docs). Located in a prime Down … (Read more)

Listing Details MLS# 20011384

Location, Tax & Legal

Tax Map #: 4601502079
Street #: 207
Street Name: Rutledge
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 51 – Peninsula Charleston Inside of Crosstown
Tax District: 71 – City of Charleston
Subdivision: Cannonborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: Crosstown to Rutledge Avenue towards Calhoun. Home on right at corner of Rutledge & Cannon
Legal Description: 207 W RUTLEDGE

Contract Info

MLS List Date: 2020-04-29
Primary Structure List Price/SqFt: 426.3

General Property Info

Number of Units: 3
# Stories: 4
Primary Structure Apx SqFt: 6099
Year Built: 1855
Acreage: 0.12
Potential Short Sale: No

Status Change Info

Sold Date: 2020-07-01
Sold Price/SqFt: 327.92
New Mortgage Type: Cash

Unit 1

SqFt: 2504

Unit 2

SqFt: 1194

More Information

Unit 3

SqFt: 2234

SqFt Source

Hired Measurement: Yes

Roof

Metal: Yes

Garage/Parking

Other (Use Remarks): Yes

Architectural Style

Other: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Cooling

Central Air: Yes

Heat

Forced Air: Yes

Amenities

Bus Line: Yes
Cable TV: Yes

Proposed Financing

Cash: Yes
Conventional Loan: Yes

Possession

Tenants Rights: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Hired Measurement Roof: Metal Architectural Style: Other Cooling: Central Air Heat: Forced Air Amenities: Bus Line; Cable TV Proposed Financing: Cash; Conventional Loan Possession: Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: Keller Williams Realty Charleston

Last Updated: September – 18 – 2024

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207 Rutledge Avenue, Charleston, SC 29403 (MLS# 20011384)