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$1,250,000

Beds
4
Baths
2.5
sq ft
Unknown

120/122 Dunnemann Ave, Charleston, SC 29403

120/122 Dunnemann Ave

Charleston, SC 29403

  • 27 days on market
    • Price drop $50,000↓
Discover an incredible investment opportunity in the heart of Wagener Terrace with this charming duplex, perfectly positioned just steps from Hampton Park. This property offers two distinct units, one of which is currently used as a thriving short-term rental, The Grand Millennial in Downtown Charleston on Airbnb and VRBO, generating an impressive $85K in annual revenue. Whether you're looking for passive income or the flexibility of living in one unit while renting the other, this property delivers.In the past year, the duplex has undergone significant updates, including new HVAC systems, plumbing, and electrical work, ensuring peace of mind for years to come. Both units boast a blend of historic charm and modern convenience, making them attractive to renters and homeowners alikeWagener Terrace is known for its walkability, vibrant community, and proximity to local cafes, restaurants, and the scenic trails of Hampton Park. Enjoy easy access to downtown Charleston while being tucked away in a quiet, tree-lined neighborhood. This is a rare opportunity to own a versatile and well-maintained duplex in one of Charleston's most desirable areas. Don't miss your chance to invest in a property with strong rental income potential and immediate value from day one!

Details

Property type

Single Family Residence

Est. home value

$1,003,426

Lot size

5,662.8 sq ft

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$9,640

Price History

11/14/2024
CTAR

CTAR #24027285

Price change
$1,250,000
-3.85%
10/25/2024
CTAR

CTAR #24027285

Listed
$1,300,000

Schools & Community

Neighborhood: 

Wagener Terrace

Elementary school: 

James Simons

Middle school: 

Simmons Pinckney

High school: 

Burke

Community features: 

Park, Tennis Court(s)

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Owen G Meislin

Loan start date

September 2022

Original loan amount

$846,450

Est. remaining balance

Not provided

Interest rate

5.51%

Loan type

Seller take-back

Seller

Owen Michael Costello and Madison Marks Costello

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 3:30 AM

Listing updated: 11/14/2024 at 6:45 PM

Listed by: Owen Costello, Keller Williams Realty Charleston Phone #: (843) 416-2000

MLS: CTAR #24027285

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