Est. mensual: $9,375 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #24004773
Fantastic opportunity to own a turn-key fully furnished income producing quadplex in one of the most desirable neighborhoods on the peninsula - Wagener Terrace. Originally built in 1960, 264 Grove Street underwent a full interior and exterior renovation in 2022. Each unit within the quadplex is currently operating as a 30-day furnished rental on AirBNB & VRBO, and the entire building will be sold fully stocked and furnished. Each unit consists of 2 king bedrooms, an office with closet and window which counts as a 3rd queen bedroom w/ window & closet, 1 full bathroom, large living room, dining, kitchen and laundry. There is also a private dog park and outdoor living space in the backyard, and off street + on street parking for guests to enjoy during their stay.IMPORTANT INFORMATION:IMPORTANT INFORMATION:Seller does not currently own property as their primary residence, therefore each unit is CURRENTLY operating as a 30-day furnished executive rental bringing in $3,500-$4,500 per unit per month. The property is currently taxed at 6%. If the BUYER were to purchase the building as their PRIMARY RESIDENCE (taxed at 4%) and owner- occupy 1 unit, they may apply for the B&B permit through the City of Charleston. What this means: The City should allow 1 of the 4 units to be a NIGHTLY AirBNB (maximum income potential) - but the other 2 units would have to remain 30-day or long-term rentals, however, 30-day rentals can also be marketed on Airbnb and Vrbo platforms for maximum exposure. The city requires enough maneuverable off-street parking on site which we have confirmed the property DOES HAVE. Please ask your representation for a copy of the proforma for 1 short-term nightly rental unit in the marketing package. The projected revenue (conservative) for the 1 short-term nightly rental unit for 2024 is $125,000, and your other 2 units should bring in $3,500-$4,500/mo based on the property's rental history thus far. In short, if BUYER chooses to purchase building as their PRIMARY RESIDENCE and owner occupy 1 of the 4 units, they will have the ability to short term rent ONE UNIT on a nightly basis, and 30-day rent TWO UNITS. The PROJECTED annual revenue for this scenario would be $287,000.
PROPERTY FACTS:
- $400,000+ renovation in 2022. All units are turn-key.
- Roof replaced in 2014
- 4 Tankless water heaters installed within the last 3-5 years
- All windows replaced within the last 5-8 years per previous owner
- HVACs: Unit C is 6 years old, parts updated on other units
- Plumbing and electrical has been updated
- Property is located in X flood zone- no flood insurance required
Wagener Terrace stands as a testament to Charleston's rich history and Southern hospitality. The combination of historic homes, community spirit, and convenient location makes it a desirable place to call home in the Holy City. Hampton Park is one of the City's largest and most popular parks just a stone's throw away from 264 Grove Street, as well as multiple restaurants, coffee shops, bars, and local businesses.
Características de la propiedad
Antigüedad: | 41-50 años de antigüedad |
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Estilo arquitectónico: | Otro |
Área del lote: | 0.09 Acres |
Tipo de tejado: | Desconocido |
Habitaciones: | Dormitorio |
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Escuela primaria
JAMES SIMONS MONTESSORI SCHOOL
0.7
MillasVer detalle
JULIAN MITCHELL ELEMENTARY SCHOOL
0.9
MillasVer detalle
Escuela secundaria (ciclo básico)
SIMMONS-PINCKNEY MIDDLE SCHOOL
0.7
MillasVer detalle
Escuela secundaria (ciclo superior)
BURKE HIGH SCHOOL
0.7
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Charleston Charter School For Math And Science | 0.7 mi | Public | 6-12 | B- |
The Charleston Catholic School | 0.8 mi | Private | PK-8 | |
Charleston Development Academy | 0.9 mi | Public | PK-8 | B |
Meeting Street Academy | 1.0 mi | Private | PK-5 | |
Harvest Time International Academy | 1.1 mi | Private | 4-12 | |
Sanders Clyde Creative Arts Elementary School | 1.4 mi | Public | PK-5 | D |
Ashley Hall School | 1.4 mi | Private | PK-12 | |
The Cooper School | 1.6 mi | Private | KG-5 | |
Charleston Progressive | 1.6 mi | Public | PK-5 | B- |
Oak Grove Montessori | 1.7 mi | Private | PK-KG | |
Mason Preparatory School | 1.8 mi | Private | KG-8 | |
Blessed Sacrament School | 1.8 mi | Private | PK-8 | |
Porter-gaud School | 1.9 mi | Private | 1-12 | |
Buist Academy | 2.0 mi | Public | 1-8 | A |
St. Andrew's School Of Math & Science | 2.0 mi | Public | PK-5 | B- |
Ne Miles Early Childhood Development Center | 2.0 mi | Private | PK-KG |