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$649,900

Beds
3
Baths
2.0
sq ft
Unknown

3113 Matipan Av, North Charleston, SC 29405

3113 Matipan Av

North Charleston, SC 29405

  • 12 days on market
This unique 0.51-acre property consists of three adjacent parcels, offering a variety of opportunities and tremendous potential! The package includes a 3 ed/2bath 936 sq ft single-family home (fully renovated with high-quality finishes), a duplex (with two 1-bed/1-bath units, each 390 sq. ft.; also fully renovated with brand-new mechanical, electrical, and plumbing systems), and a vacant lot, which is a cleared, spacious lot formerly housing 3 mobile homes, now primed for your development vision. This property offers flexible income potential. You could rent out the single-family home and duplex for immediate cash flow, or sell the home for an equity boost while maintaining income from the duplex.The vacant lot is ready for new constructionperfect for additional duplexes, townhomes, or multifamily housing. You could even utilize the vacant lot for specialty tenants, offering storage for equipment, vehicles, or materials with adjacent lodging. Capitalize on the ability to set premium pricing with no competition! Combine or reconfigure the existing lot lines to suit your development plans and maximize value. This is a great location with prime frontage on Matipan Avenue and immediate access to I-26, Azalea Drive, and Cosgrove Avenue ensures convenience and high demand. Whether you're seeking steady cash flow, equity growth, or an exciting development project, this property is ready to deliver. Leverage the income from the existing rentals to support your new venture on the vacant lot. Don't miss this rare investment opportunityproperties with this level of potential don't stay on the market for long!

Details

Property type

Single Family Residence

Est. home value

$121,515

Lot size

0.51 acres

Price per sq ft

Unknown

Year built

1952

Price History

01/09/2025
CTAR

CTAR #25000711

Listed
$649,900

Schools & Community

Elementary school: 

Mary Ford

Middle school: 

Morningside

High school: 

North Charleston

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

Greyfriars Administration Services Limit

Loan start date

April 2016

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

3.68%

Loan type

Not Provided

Seller

Olmsted U S Iii 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: 01/21/2025 at 7:35 PM

Listing updated: 01/13/2025 at 7:57 PM

Listed by: Jeff Cook, Jeff Cook Real Estate LPT Realty Phone #: (843) 225-2002

MLS: CTAR #25000711

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