38 Bull Street, Charleston, SC 29401

$2,460,000

Property Type: MultiFamily Square Footage: 5,608 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $2,460,000 List Date: 5/14/2024 Last Modified: 6/20/2024

Overview

Description

Step into the heart of historic charm in downtown Charleston’s beloved Harleston Village neighborhood with this unique investment opportunity. The property consists of two buildings with four individual units and 15 parking spaces. It was updated in 2016 when purchased by existing owners. It has an extremely strong rental history and has been 100% leased for the last 7 years with annual rents of $210,000+. The property is fully leased until August 2025 with rental rates locked in to increase 11%. Within walking distance of the College of Charleston and MUSC, as well as Colonial Lake and vibrant King Street, residents can easily enjoy all that downtown has to offer. The historic home dates back to 1880 and boasts two levels of piazzas overlooking iconic Bull Street, offering

Supplements: quintessential Charleston views. Unit A features three bedrooms and two full baths, while Unit B spans two stories, with three bedrooms and two baths across its two floors. Unit C offers cozy comfort with one bedroom and one bath, while the remaining unit, Unit D, is a back house apartment with three bedrooms and two bathrooms. Off-street parking, … (Read more)

Listing Details MLS# 24012252

Location, Tax & Legal

Tax Map #: 4570302026
Street #: 38
Street Name: Bull
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29401
Area: 51 – Peninsula Charleston Inside of Crosstown
Tax District: 71 – City of Charleston
Subdivision: Harleston Village
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: From Rutledge, turn LEFT onto Bull Street. Home will be on your LEFT.
Legal Description: 38 BULL

Contract Info

MLS List Date: 2024-05-13
Primary Structure List Price/SqFt: 494.83

General Property Info

Number of Units: 4
# Stories: 3
Primary Structure Apx SqFt: 5608
Year Built: 1880
Acreage: 0.26
Potential Short Sale: No
Other Structures Y/N: No

Status Change Info

Sold Date: 2024-06-20
Sold Price/SqFt: 438.66
New Mortgage Type: Conventional

More Information

SqFt Source

Appraisal: Yes

Roof

Metal: Yes

Exterior

Wood Siding: Yes

Garage/Parking

Other (Use Remarks): Yes

Architectural Style

Single Family Detached: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Cooling

Central Air: Yes

Heat

Forced Air: Yes

Proposed Financing

Cash: Yes
Conventional Loan: Yes

Possession

At Closing: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Appraisal Roof: Metal Exterior: Wood Siding Architectural Style: Single Family Detached Cooling: Central Air Heat: Forced Air Proposed Financing: Cash; Conventional Loan Possession: At Closing Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: The Cassina Group

Last Updated: June – 20 – 2024

Broker Attribution: 843-628-0008

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38 Bull Street, Charleston, SC 29401 (MLS# 24012252)