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$1,499,000

Beds
4
Baths
2.0
sq ft
1,384

258 Saint Philip St, Charleston, SC 29403

258 Saint Philip St

Charleston, SC 29403

  • 151 days on market
Presenting 258 St Phillips an exceptional investment opportunity to own 2 active, legal short term units in historic Elliotborough downtown. Each unit consist of 2 bedrooms 1 bath and zoned general business. The duplex has ample parking and is conveniently situated one block from king making it a highly attractive option for generating stable long-term income. Opportunity to add value by increasing rental rate which is currently far below market average. Pro-forma GOI of 200K. Brand new HVAC unit put in this May.

Details

Property type

Single Family Residence

Est. home value

$833,462

Lot size

3,049.2 sq ft

Price per sq ft

$1,084

Year built

1852

Price History

06/05/2024
CTAR

CTAR #24002710

Price change
$1,499,000
+0.6%
06/05/2024
CTAR

CTAR #24002710

Price change
$1,490,000
-0.67%
04/17/2024
CTAR

CTAR #24002710

Price change
$1,500,000
-9.09%

Schools & Community

Neighborhood: 

Cannonborough/Elliottbororugh

Elementary school: 

Mitchell

Middle school: 

Simmons Pinckney

High school: 

Burke

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

United Bank

Loan start date

July 2022

Original loan amount

$700,000

Est. remaining balance

Not provided

Interest rate

5.1%

Loan type

Commercial

Seller

Abatis Holdings Llc

Lender

Crescom Bank

Loan start date

January 2018

Original loan amount

$350,000

Est. remaining balance

$0

Interest rate

3.94%

Loan type

New Conventional, 5 year

Seller

Abatis Holdings Llc

Lender

Andrew Roskill Etal

Loan start date

October 2017

Original loan amount

$350,000

Est. remaining balance

$0

Interest rate

3.86%

Loan type

New Conventional, 0 year

Seller

Abatis Holdings Llc

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: 07/02/2024 at 7:50 PM

Listing updated: 06/06/2024 at 12:43 PM

Listed by: Jake Stradling, Three Real Estate LLC Phone #: (843) 500-8188

MLS: CTAR #24002710

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